At number 1376th in the list of Australian suburbs ordered by increase in median house value over the last year, Mornington, 3931 is in the top 40% with a property value increase of 11.79% recorded in median house prices.
The five-year average increase in median property values for Mornington,3931 has given property investors a potential capital gain of 56.34% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Mornington is offering property investors an average of -3.33. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in VIC
Residents and property investors in Mornington have been waiting around 29.92 days to sell a property.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.99%, without taking into account capital value appreciation, which has been averaging out at 8.10%.
Mornington has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.94% to date .
Mornington,3931 has offered an average of 12.94% return per annum in house price rises to property investors over the last three years.
Mornington3931 is located in VIC which offers an average discount of -2.36% to property investors. Mornington itself is showing figures that indicate -1.30% is the average achievable by property buyers investing in the suburb.