Mornington

POSTAL CODE: QLD, 4825

HOUSE

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 $245,000.

Profits due to an downward trend in home prices in the suburb averaged -10.46% per annum over a 3-year period.

MORNINGTON now ranks at the 545th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 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 54.9 days.

In 2016, 19 properties were sold in MORNINGTON during the past year, making it the 637th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$245,000	N/A
Growth Report
Median Quarterly	3.16%	N/A
Median 12 month	-26.87%	N/A
Median 3 years	-31.37%	N/A
Median 5 years	-9.26%	N/A
10 years average annual	-0.07%	N/A
Weekly media advert. rent	$420	N/A
Time on Market	54.9 days	N/A
Gross Rental Yield Percent	8.91%	N/A

Demographics (Median Values)*

Total Population 1732

Weekly Household Income 1253

Household Size 2.30

Average Age 32

Monthly Loan Repayment 1101

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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