How Much is My Home Worth in Mount Martha?
At March 28, 2019, the median price for a house in Mount Martha was $985,000. The median price for a unit or apartment was $620,500. In 2019 there has been 342 homes sold and 14 units sold. The average annual capital growth stands at 7.57% for houses and 6.19% for units. The 12-month capital growth is 6.26% for houses and 8.32% for units. Both houses and units are rated as good by the DSR or Demand to Supply Ratio calculator. There are more buyers than sellers and vendors are getting the price they are asking for. Mount Martha real estate is good for investors.
House prices and rent returns in Mount Martha.
- 2 bedroom home $762,500 Rent per week $390
- 3 bedroom home $868,250 Rent per week $460
- 4 bedroom home $1,051,000 Rent per week $595
Unit prices and rent returns in Mount Martha.
- 2 bedroom unit $505,000Rent per week $395
- 3 bedroom unit $693,500 Rent per week $450
The gross rental yield for houses is 2.87% and for units, it is 3.87%. It takes 51 days to sell a house and 80 days to sell a unit.
Free Real Estate Appraisal Mount Martha
Are you contemplating selling your Mount Martha residence? Our property sales agents provide free real estate appraisals on land, apartments, townhouses, units and houses. We are available to meet 7 days of the week at your convenience. Appraising a house is based on recent sales history, location to shops, amenities and schools. We calculate the size of the property and its current state. We will clearly demonstrate how we arrived at our valuation. Should you decide to sell you will be presented with 3 options. An auction, private sale or at a price you hope to receive. Our multi-network of agencies is alerted of the sale. In turn, contact their database of investors and buyers interested in Mount Martha real estate. We also market the home or property via real estate portals, print media, social media and our own websites.
Rental Appraisal Mount Martha
Perhaps you are thinking of renting your current home or have an investment property you want to rent? Our property managers currently lease over 3500 homes. We will give you a free rental appraisal. Rental appraisals vary from home appraisals. There is ongoing contact with the landlord to determine the type of tenant they prefer. We will short list our potential tenants and provide this list to the landlord prior to letting. We manage the entire property from tenant placement, maintenance, rent collection and tax accounting. We are fair to both landlord and tenant and adhere to the Residential Tenancy Act.
Mount Martha Golf Course
Recent Sold Homes in Mount Martha
View our list of recently sold homes in Mount Martha. Our database of sales shows houses and units sold in the past year.
Lifestyle in Mount Martha
This seaside suburb is located 60 kilometres south east of Melbourne. It is part of the Mornington Peninsula and borders on Port Phillip. The highest point is at 160 metres. Along Balcombe Creek you will find 5 kilomteres of board walk. There is the Month Martha Surf Life Saving Club. Also there are many reserves and facilities for football, tennis and golf.
Schools in Mount Martha
There are 3 schools in Mount Martha.
- Mt Martha Primary School Co-educational
- Osborne Primary School Co-educational
- Balcombe Grammar School Primary and Secondary Co-educational