VIC has seen average median house prices change by 11.69% which means that Mornington, 3931 has done well for property investors by showing a capital gain of 3.97% over the last year
Comparing Mornington,3931 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Mornington 3931 should be seeing an average reduction in asking price of around -4.51% . This means that Mornington is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 39.50 sales per month, which equates to 474 per year.
Advertised rents are around the $450 mark per week – giving a return of 2.98% based on the median price in Suburb
At number 915th in the list of Australian suburbs ordered by increase in median house value over the last year, Mornington, 3931 is in the BOTTOM 50% with a property value increase of 3.64% recorded in median house prices.
Over the longer term, Mornington has seen property prices show investors a 24.86% return over the last 3 years. This is worse than over the last 12 months
At number 228th of VIC’s most discounted properties, Mornington is in the TOP 30% 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 57.26 days.
Advertised rents are around the $380 mark per week – giving a return of 3.47% based on the median price in Suburb