MORNINGTON 7018
State: TASPosiProp AI Investment Summary
MORNINGTON (TAS 7018) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.7% and has experienced a 12-month capital growth of Up 14.6%, with a median house buy price of $705,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$597,500
$672,000
$820,000
$705,000
Suburb Market Profile
Last month Mornington had 4 properties available for rent and 8 properties for sale. Median property prices over the last year range from $705,000 for houses to $652,750 for units. If you are looking for an investment property, consider houses in Mornington rent out for $600 PW with an annual rental yield of 4.7% and units rent for $530 PW with a rental yield of 4.5%. Mornington has seen an annual compound growth rate of 14.6% for houses and 26.8% for units.
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