Investment property in Mordialloc has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.62%
The five-year average increase in median property values for Mordialloc,3195 has given property investors a potential capital gain of 83.87% across each of those five years.
Property buyers and investors in Mordialloc 3195 should be seeing an average reduction in asking price of around -2.64% . This means that Mordialloc is holding prices well when compared to other suburbs in VIC.
In the last year 86 properties changed hands in Mordialloc, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $550 mark per week – giving a return of 2.51% based on the median price in Suburb
Over the last year, property investments in Mordialloc, 3195 have given investors a capital gain of 13.06%. This compares favourably with the 8.36% 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
Mordialloc3195 is located in VIC which offers an average discount of -4.67% to property investors. Mordialloc itself is showing figures that indicate -2.68% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $390 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
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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