Mornington, 3931 ranked 369th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mornington is one of 2099 in our list for VIC
Over the longer term, Mornington has seen property prices show investors a 27.78% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -6.57%. This puts suburb at number 129th in VIC when ranking the most discounted suburbs.
The VIC suburb of Mornington, 3931 is in the Mornington Peninsula (S) local government area.
Investment property in Mornington has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.76%
A 45.35% growth in median value for property investors in Mornington,3931 puts this suburb at number 57th in terms of best performing suburbs in VIC
Property buyers and investors in Mornington 3931 should be seeing an average reduction in asking price of around -5.89% . This means that Mornington is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.77%, investors should hope to achieve an overall return of 3.33%