Investment property in Mornington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -15.18%
Taking the average capital gain, or increase in median house value, Mornington,4825 has racked up an average of -15.18% over the period. This ranks it number 3555th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of -7.40% to real estate investors.
Residents and property investors in Mornington have been waiting around 98.3571 days to sell a property.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of -4.58%, investors should hope to achieve an overall return of 8.76%