How Much is My Home Worth in Mornington?
The median price for a house in Mornington is $775,000 as of April 30, 2019. A median-priced unit is $610,000. There have been 432 houses and 22 units sold this year. Of the house sales, 247 were three bedrooms. It takes on average 56 days to sell a house and 72 days to sell a unit. The annual capital growth for homes is 7.02% and units is 6.71%. The 12-month capital growth is -2.88% on houses and 3.97% for units.
The Demand to Supply Ratio or DSR rating puts homes and units as good. This is a good property market for investors. Demand is marginally in front of supply. Vendors are more often than not getting the price they ask for. If you were to purchase or invest in a property in Mornington the capital growth should stay ahead of the national average.
House prices and rent returns in Mornington.
- 2 bedroom home $640,000 Rent per week $350
- 3 bedroom home $705,000 Rent per week $395
- 4 bedroom home $947,000 Rent per week $500
Unit prices and rent returns in Mornington.
- 1 bedroom unit No Data Rent per week $275
- 2 bedroom unit $524,500 Rent per week $330
- 3 bedroom unit $740,000 Rent per week $480
The gross rental yield for a house in Mornington is 3.29%. For a unit, it is 3.55%.
Free Real Estate Appraisal Mornington
Are you going to sell your home? Do you want to know the market price for your house or unit? Our real estate agents provide free property appraisals on units, apartments, land and houses. We determine the property price based on its location to shops, schools and public transport. We also take into account recent sales history. Our appraisers will deliver a fast and accurate value of your home and what you can expect as an offer in today’s property climate.
Free Rental Appraisal Mornington
Do you want to rent your home and need a property manager? Or, do you own an investment property and need a rental manager? The O’Brien Real Estate Group manage over 3600 homes in Melbourne. Our rental appraisers will provide a free estimation on your expected weekly rent return. We will discuss with the owner the length of the lease and who they prefer renting their home. We manage the rent collection, routine inspections, maintenance and tax accounting. We have a large database of tenants wanting to rent now.
Property Valuation Mornington
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
Lifestyle in Mornington
This seaside town is located in the south-east of Melbourne and 57 kilometres from the central business district. There are multiple cafes and restaurants in this “seaside village”. At the last Census there 23,989 residents recorded. There is the Mornington Yacht Club that is situated on Port Phillip. Morning has a local football and horse racing club.
Schools in Mornington
There are 5 schools in Mornington.
- Mornington Park Primary School Co-educational
- Mornington Secondary College Co-educational
- Padua College Mornington Co-educational
- St Macartan’s School Co-educational
- Mornington Special Developmental School