With a capital gain of 0.03% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.70% 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 -1.23%. This puts Suburb as 582 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -4.87%. This puts suburb at number 320th in VIC when ranking the most discounted suburbs.
With the median price for a house in Mornington being $800000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 2.99%
Over the last year, property investments in Mornington, 3931 have given investors a capital gain of 8.04%. This compares averagely with the 7.73% for VIC as a whole.
Mornington,3931 was ranked 438 in Australia by increase in median property value over the quarter.
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 158th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 6.34%, investors should hope to achieve an overall return of 3.31%