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Mornington

Suburb Profile

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 10.79% capital gain.

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 $770,000.

Profits due to an upward trend in home prices there averaged 3.6% per annum over a 3-year period.

Home owners selling their properties and realtors in MORNINGTON usually have to wait an average of 71.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.38% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 3931 places 313th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $770,000 $630,000
GROWTH REPORT
Median Quarterly 1.32% -2.33%
Median 12 month -5.35% -5.97%
Median 3 years 10.79% 20.06%
Median 5 years 42.59% 39.07%
10 years average annual 6.53% 6.81%
Weekly media advert. rent $500 $430
Time on Market 71.1 days 81.7 days
Gross Rental Yield Percent 3.38% 3.55%
demographics (median values)
Total Population
20821
Weekly Household Income
854.3
Household Size
2.30
demographics
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