Over the last year, property investments in Mornington, 4825 have given investors a capital gain of 18.75%. This compares favourably with the 15.40% for QLD as a whole.
While Mornington,4825 ranked number 385th in QLD for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.41% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of 0.00% to real estate investors.
Using the current median advertised rental of $555 and the average annual increase in value of a median property of 5.34%, investors should hope to achieve an overall return of 8.81%