Sydney, Melbourne boast highest capital city sales
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
MORNINGTON, 4825 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $237,500.
Profits due to an downward trend in home prices in the suburb averaged -1.67% per annum over a 3-year period.
MORNINGTON now ranks at the 842nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MORNINGTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MORNINGTON, homes and units usually stay on listing for an average of 98.3 days.
In 2016, 12 properties were sold in MORNINGTON during the past year, making it the 848th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $237,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -16.67% | N/A |
| Median 12 month | -15.18% | N/A |
| Median 3 years | -5% | N/A |
| Median 5 years | -13.64% | N/A |
| 10 years average annual | -4.58% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 98.3 days | N/A |
| Gross Rental Yield Percent | 8.76% | N/A |
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, b...
Sydney’s inner ring continued to attract tenants in December as the end of 2020 brought more stability to the rental accommodation market ...
Despite suffering its first recession in almost 30 years, Australian property markets remained remarkably resilient in the face of a global ...
For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Get notifications in real-time for staying up to date with content that matters to you.
