At number 449th in the list of Australian suburbs ordered by increase in median house value over the last year, Mordialloc, 3195 is in the top 20% with a property value increase of 11.81% recorded in median house prices.
Comparing Mordialloc,3195 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 278th of VIC’s most discounted properties, Mordialloc is in the middle of the state/territory when listing in order of most discounted to least.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 6.29%.
Mordialloc has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.81% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Mordialloc comes in at number 200th in VIC.
Our latest figures would indicate that property sellers in Mordialloc are currently offering property investors an average price cut of -6.61% below the asking price at the moment.
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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.