Property value increases in Mount Martha have tracked just higher than the VIC average of 9.78% over the last 12 months.
Comparing Mount Martha,3934 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Mount Martha are currently offering property investors an average price cut of -4.26% below the asking price at the moment.
With the median price for a house in Mount Martha being $886000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.93%
Investment property in Mount Martha has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.99%
While Mount Martha,3934 ranked number 118th in VIC for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.
Vendor discounting in Mount Martha is giving property investors an average Vendor Discount of around -2.35%. This puts suburb at number 301th in VIC when ranking the most discounted suburbs.
Mount Martha is 201th on a list of best yielding suburbs for rents in VIC with a 4.01% return