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Mornington

Suburb Profile

Mornington - FREE SUBURB PROFILE REPORT
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 $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.

Data report can be found below

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
demographics (median values)
Total Population
1732
Weekly Household Income
1253
Household Size
2.30
demographics
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