TAS/
Mornington

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 4.14% 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 18.43% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

On average, rents on listings have reached the $350 mark, reflecting a 6.03% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 7018 ranks 114th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 41st on the list of best yielding suburbs for rental properties in TAS, posting a 6.03% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $302,000 $301,250
GROWTH REPORT
Median Quarterly 1.51% -4.37%
Median 12 month 4.14% N/A
Median 3 years 18.43% N/A
Median 5 years 9.82% N/A
10 years average annual 2.85% N/A
Weekly media advert. rent $350 N/A
Time on Market 28.2 days 0.0 days
Gross Rental Yield Percent 6.03% N/A
demographics (median values)
Total Population
2137
Weekly Household Income
753.2
Household Size
2.40
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