Property value increases in Mortlake have tracked close to the VIC average of 8.91% over the last 12 months.
Mortlake,3272 has offered an average of 9.12% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.20% offered to property buyers. Sellers in Mortlake itself are offering an average vendor discount of -9.26% to real estate investors.
Residents and property investors in Mortlake have been waiting around 133.14 days to sell a property.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.83%, without taking into account capital value appreciation, which has been averaging out at 3.59%.