Giving property investors a a poor capital gain of -15.67% for the last year, Mordialloc, 3195 is the 4084th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mordialloc has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mordialloc, 3195. Typically our figures indicate that -6.03% is being offered, which puts this VIC suburb at 1552th most discounted overall in Australia.
Property investors should expect to get $540 weekly from the median priced house in this suburb.
Over the last year, property investments in Mordialloc, 3195 have given investors a capital gain of 10.06%. This compares favourably with the 2.97% for VIC as a whole.
Comparing Mordialloc,3195 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Mordialloc should be aiming for at least -2.88% off the asking price, which is the average vendor discount being achieved at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 7.35%.
Known colloquially as Mordi, the suburb of Mordialloc is known for its production of traditional wooden boats.Full summary
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Creekside suburb rides momentum
Median house price: $977,500
Three-year growth: 42.7%
Rental yield: 2.8%
Known colloquially as Mordi, the suburb of Mordialloc is known for its production of traditional wooden boats.
Values have steadily been increasing over the past five years in the house market. Despite the high prices, vacancies are tight in this suburb, and the average vendor discount rate is low at just 3.8%.
Mordialloc Creek is the suburb’s most popular feature, with walking trails running along its banks. There is also a beach stretching from the creek to the Mentone bluffs. Aside from its natural attractions, Mordialloc is also home to several schools, including Mordialloc College, Mordialloc Beach Primary School and St Brigids Mordialloc.
Commuters can get around by train through the local station, which is part of the Frankston railway line.Close