Over the last year, property investments in Mount Martha, 3934 have given investors a capital gain of 14.56%. This compares favourably with the 10.83% for VIC as a whole.
The five-year average increase in median property values for Mount Martha,3934 has given property investors a potential capital gain of 48.12% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Mount Martha itself are offering an average vendor discount of -4.24% to real estate investors.
In the last year 382 properties changed hands in Mount Martha, which puts it as the 35th most active market in VIC when comparing the number of sales per suburb.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.87%, without taking into account capital value appreciation, which has been averaging out at 8.15%.
Giving property investors a a stable capital gain of 6.39% for the last year, Mount Martha, 3934 is the 674th highest performer in Australia in this respect.
Over the longer term, Mount Martha has seen property prices show investors a 22.23% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Mount Martha should be aiming for at least -2.66% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Mount Martha the average time real estate has been on the market is 97.43 days.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 6.43%, investors should hope to achieve an overall return of 3.93%