Over the last year, property investments in Mornington, 3931 have given investors a capital gain of -3.96%. This compares badly with the 1.54% for VIC as a whole.
Across a shorter period, Mornington, 3931 has seen a median price increase of -4.95% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of -8.13% to real estate investors.
Situated 47.08km from the CBD, Mornington is one of Mornington Peninsula (S) localities in the postcode 3931.
Mornington is in the bottom 40% in VIC when comparing median price capital growth over the last year. Mornington gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.13%.
A 30.78% growth in median value for property investors in Mornington,3931 puts this suburb at number 331th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Mornington are currently offering property investors an average price cut of -7.98% below the asking price at the moment.
Renters in Suburb are facing rents around $21710 per annum or $417.5 every week.