Mornington

POSTAL CODE: QLD, 4825

HOUSE

UNIT

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 $250,000.

Profits due to an downward trend in home prices in the suburb averaged -6.01% per annum over a 3-year period.

MORNINGTON now ranks at the 101st 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 $460 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 60.6 days.

In 2016, 23 properties were sold in MORNINGTON during the past year, making it the 543rd most active market in QLD based on total real estate transactions.

MORNINGTON ranks 436th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

MORNINGTON, 4825 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in MORNINGTON sitting at $300,000, and the average rent at $330, property owners could potentially earn a 5.72% increase in gross rental yield.

Property investors have seen a 0% gain in MORNINGTON based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that MORNINGTON, 4825 obtained a 0% decrease over a ten-year period. It ranks 1918th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$250,000	$300,000
Growth Report
Median Quarterly	8.7%	0%
Median 12 month	-7.75%	0%
Median 3 years	-18.03%	-15.13%
Median 5 years	-8.09%	0%
10 years average annual	-0.83%	0%
Weekly media advert. rent	$460	$330
Time on Market	60.6 days	N/A
Gross Rental Yield Percent	9.57%	5.72%

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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