PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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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.
This number can mean, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
On average, rents on listings have reached the $440 mark, reflecting a 5.65% increase in returns based on the current median price in MORNINGTON.
MORNINGTON, 7018 ranks 149th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 39th on the list of best yielding suburbs for rental properties in TAS, posting a 5.65% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $405,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.7% | N/A |
| Median 12 month | -1.22% | N/A |
| Median 3 years | 38.46% | N/A |
| Median 5 years | 55.77% | N/A |
| 10 years average annual | 4.93% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 23.0 days | N/A |
| Gross Rental Yield Percent | 5.65% | N/A |
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