Mortlake

POSTAL CODE: VIC, 3272

HOUSE

Based on its average 5-year and quarterly capital gains MORTLAKE, 3272 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MORTLAKE, 3272 obtained a 12.19% growth over a ten-year period. It ranks 3983rd on our list of suburbs that property investors should look into.

MORTLAKE, 3272 in VIC belongs to the local government area of Moyne.

MORTLAKE, 3272 has a capital gain of -2.51% for the past year, which is lower than average compared to its 52.68% growth within a five-year period.

With the median home price in MORTLAKE sitting at $350,000, and the average rent at $400, property owners could potentially earn a 5.94% increase in gross rental yield.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$350,000	N/A
Growth Report
Median Quarterly	2.94%	N/A
Median 12 month	-2.51%	N/A
Median 3 years	1.01%	N/A
Median 5 years	52.68%	N/A
10 years average annual	12.19%	N/A
Weekly media advert. rent	$400	N/A
Time on Market	93.8 days	N/A
Gross Rental Yield Percent	5.94%	N/A

Demographics (Median Values)*

Total Population 1539

Weekly Household Income 857

Household Size 2.20

Average Age 48

Monthly Loan Repayment 891

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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