Property value increases in Mornington have tracked just lower than the VIC average of 4.75% over the last 12 months.
While Mornington,3931 ranked number 428th in VIC for increase in median house value (annualised) increase, it is ranked 277th over the last 5 years.
At number 281th of VIC’s most discounted properties, Mornington 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 Mornington the average time real estate has been on the market is 65.41 days.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
With a capital gain of 2.43% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 6.21% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Mornington has given property investors a paper return of 1.24%. This puts Suburb as 103 on a list of fastest fasting appreciating suburbs in VIC
At number 140th of VIC’s most discounted properties, Mornington is in the middle of the state/territory when listing in order of most discounted to least.
The VIC suburb of Mornington, 3931 is in the Mornington Peninsula (S) local government area.