Property value increases in Mordialloc have tracked just lower than the VIC average of 8.62% over the last 12 months.
Mordialloc,3195 has offered an average of 5.49% return per annum in house price rises to property investors over the last three years.
At number 383th of VIC’s most discounted properties, Mordialloc is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Mordialloc the average time real estate has been on the market is 56.37 days.
Mordialloc is 417th on a list of best yielding suburbs for rents in VIC with a 2.64% return
Property value increases in Mordialloc have tracked close to the VIC average of 7.50% over the last 12 months.
If we look at median property appreciation over just the last three months, Mordialloc has given property investors a paper return of -0.21%. This puts Suburb as 227 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Mordialloc itself are offering an average vendor discount of -2.36% to real estate investors.
In the last year 90 properties changed hands in Mordialloc, which puts it as the 82th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Known colloquially as Mordi, the suburb of Mordialloc is known for its production of traditional wooden boats.Full summary
Information supplied by:
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