AREA REPORTS

Mornington

TAS/
Mornington

Suburb Profile

Mornington - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7018

house
unit

Property investors enjoyed capital gains of 27.97% over the last 12 months in MORNINGTON, translating to lower returns compared with its peers in TAS.

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.

The suburb posted a 41.21% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $405 based on current median home prices for the suburb.

On average, rents on listings have reached the $405 mark, reflecting a 5.14% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 7018 ranks 14th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 71st on the list of best yielding suburbs for rental properties in TAS, posting a 5.14% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $409,500 $390,000
GROWTH REPORT
Median Quarterly 6.23% N/A
Median 12 month 27.97% N/A
Median 3 years 41.21% N/A
Median 5 years 58.11% N/A
10 years average annual 5.81% N/A
Weekly media advert. rent $405 N/A
Time on Market 12.6 days 0.0 days
Gross Rental Yield Percent 5.14% N/A
demographics (median values)
Total Population
2137
Weekly Household Income
753.2
Household Size
2.40
demographics
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