Powered by MOMENTUM MEDIA
smart property investment logo
Mornington
AREA REPORTS

Mornington

Mornington - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7018

house

Property investors enjoyed capital gains of 27.01% 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 35.81% 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 $455 based on current median home prices for the suburb.

On average, rents on listings have reached the $455 mark, reflecting a 4.27% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 7018 ranks 99th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 64th on the list of best yielding suburbs for rental properties in TAS, posting a 4.27% return.

Data report can be found below

Mornington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $553,750 N/A
GROWTH REPORT
Median Quarterly 11.31% N/A
Median 12 month 27.01% N/A
Median 3 years 35.81% N/A
Median 5 years 84.58% N/A
10 years average annual 8.77% N/A
Weekly media advert. rent $455 N/A
Time on Market 12.3 days N/A
Gross Rental Yield Percent 4.27% N/A
demographics (median values)*
Total Population
21027
Weekly Household Income
1259
Household Size
2.30
Age
44
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.