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AREA REPORTS

Mordialloc

Suburb Profile

Mordialloc - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3195

house
unit

Property investors enjoyed capital gains of 11.81% over the last 12 months in MORDIALLOC, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in MORDIALLOC are low, as opposed to average gains per annum over the past five years.

The suburb posted a 7.67% 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 $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 2.81% increase in returns based on the current median price in MORDIALLOC.

MORDIALLOC, 3195 ranks 84th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 486th on the list of best yielding suburbs for rental properties in VIC, posting a 2.81% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,017,500 $615,000
GROWTH REPORT
Median Quarterly 5.44% -0.81%
Median 12 month 11.81% -0.81%
Median 3 years 7.67% 13.89%
Median 5 years 38.91% 35.16%
10 years average annual 6.29% 4%
Weekly media advert. rent $550 $420
Time on Market 89.4 days 82.4 days
Gross Rental Yield Percent 2.81% 3.55%
demographics (median values)
Total Population
6982
Weekly Household Income
1048
Household Size
2.40
demographics
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