Giving property investors a an unimpressive capital gain of -3.54% for the last year, Mount Eliza, 3930 is the 2898th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Eliza comes in at number 370th in VIC.
Sellers are offering property buyers an average discount of -10.35% to buyers in Mount Eliza at the moment, which is less than average for the rest of VIC.
Situated 43.45km from the CBD, Mount Eliza is one of Mornington Peninsula (S) localities in the postcode 3930.
Mount Eliza has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.02% to date .
Mount Eliza,3930 has offered an average of 14.02% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Mount Eliza is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in VIC
Residents and property investors in Mount Eliza have been waiting around 45.8889 days to sell a property.
Property investors should expect to get $410 weekly from the median priced house in this suburb.
Information supplied by:
Low values maintain growth
Median unit price: $480,000
Three-year growth: 8.6%
Rental yield: 3.8%
A seaside haven on the Mornington Peninsula, the suburb of Mount Eliza offers affordable apartments just about an hour’s drive from Melbourne.
The median unit value remained under $500,000 even with 9.3% growth over the past year. Vacancies are tight at just 0.75%, causing properties to sell at low discount rates. Nonetheless, the suburb’s performance slipped slightly over the June 2017 quarter when prices fell by 4%.
Melbourne Business School is located in Mount Eliza, along with Mount Eliza Secondary College and Mount Eliza Primary School. Mount Eliza Village is the suburb’s main commercial hub, containing supermarkets, bank and specialty shops. The Mornington railway line borders Mount Eliza, and the suburb is surrounded by many beaches and water bodies, including Daveys Bay and Manyung Creek.