VIC/
Mornington

Suburb Profile

Mornington - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3931

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Homeowners and real estate investors betting on MORNINGTON, 3931 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 18.32%.

A steady increase in median property prices over a five-year period in the suburb translates to a 43.52% capital gain.

Property investors in MORNINGTON enjoyed capital gains of 18.32% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $775,000.

Profits due to an upward trend in home prices there averaged 14.51% per annum over a 3-year period.

Home owners selling their properties and realtors in MORNINGTON usually have to wait an average of 51.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.02% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 3931 places 406th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $775,000 $565,000
GROWTH REPORT
Median Quarterly 1.97% 1.71%
Median 12 month 18.32% 14.14%
Median 3 years 43.52% 22.16%
Median 5 years 49.04% 34.52%
10 years average annual 8.22% 6.06%
Weekly media advert. rent $450 $370
Time on Market 51.7 days 56.6 days
Gross Rental Yield Percent 3.02% 3.41%
demographics (median values)
Total Population
20821
Weekly Household Income
854.3
Household Size
2.30
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