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Mornington
AREA REPORTS

Mornington

Mornington - 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 $275,000.

MORNINGTON now ranks at the 269th place on a list of fastest growing suburbs in the territory.

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 62.3 days.

In 2016, 21 properties were sold in MORNINGTON during the past year, making it the 598th most active market in QLD based on total real estate transactions.

Data report can be found below

Mornington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $275,000 N/A
GROWTH REPORT
Median Quarterly 6.38% N/A
Median 12 month -3.51% N/A
Median 3 years N/A N/A
Median 5 years N/A N/A
10 years average annual -3% N/A
Weekly media advert. rent $420 N/A
Time on Market 62.3 days N/A
Gross Rental Yield Percent 7.94% N/A
demographics (median values)*
Total Population
1732
Weekly Household Income
1253
Household Size
2.30
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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