With a capital gain of -8.75% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 6.59% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Mornington,3931 has racked up an average of -8.75% over the period. This ranks it number 1613th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Mornington are currently offering property investors an average price cut of -9.27% below the asking price at the moment.
Mornington is 322th on a list of best yielding suburbs for rents in VIC with a 3.50% return
VIC has seen average median house prices change by 0.68% which means that Mornington, 3931 has done well for property investors by showing a capital gain of 0.95% over the last year
The five-year average increase in median property values for Mornington,3931 has given property investors a potential capital gain of 35.32% across each of those five years.
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -9.33%. This puts suburb at number 14th in VIC when ranking the most discounted suburbs.
With the median price for a house in Mornington being $636000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.52%