At number 94th in the list of Australian suburbs ordered by increase in median house value over the last year, Mornington, 7018 is in the top 10% with a property value increase of 27.97% recorded in median house prices.
If we look at median property appreciation over just the last three months, Mornington has given property investors a paper return of 6.23%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in TAS
In the last year 10 properties changed hands in Mornington, which puts it as the 67th most active market in TAS when comparing the number of sales per suburb.
Situated 5.88km from the CBD, Mornington is one of Clarence (C) localities in the postcode 7018.
Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.Full summary
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Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.Close
With a low house median of $283,000, Mornington is an affordable suburb that returns an excellent yield of 5.8% – virtually the same rate of return as neighbouring suburbs Bellerive and Howrah, which have median house values in the mid-$400,000s and $368,000 respectively.
This is likely to see house-hunters searching out cheaper dwellings and rents in nearby suburbs, and Mornington ts the bill for both historic capital growth and yield.
A vacancy rate of 1.15% lands Mornington in fth place in Tasmania for lowest vacancy rates.
The suburb appeals to families, and three-bedroom houses are in highest demand.
Newer homes on eastern streets are at the higher end of the median, while high-set houses have mountain views.