Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Main Ridge is a suburb in Mornington Peninsula Shire, Australia with 416 residents. The median house price is $3.5M with a rental yield of 1.3%. Our analysis rates Main Ridge with a suburb score of 93/100 for investment timing.
This suburb shows strong investment potential with property prices forecast to outperform the market average over the next 1-3 years. Key indicators including vacancy rates, rental yields, and days on market all signal favorable conditions for capital growth.
93
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
Loading...
What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Main Ridge has a suburb score of 93/100 for investment timing, placing it among the top-performing suburbs in Mornington Peninsula Shire for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Main Ridge as a priority suburb.
Main Ridge's capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Main Ridge include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Main Ridge has outperformed many suburbs in Mornington Peninsula Shire for property value appreciation.
Main Ridge is located within Mornington Peninsula Shire Local Government Area in Australia. Mornington Peninsula Shire encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Main Ridge is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Main Ridge is $3.5M based on recent sales data. As a premium suburb in Mornington Peninsula Shire, Main Ridge typically attracts investors focused on capital appreciation and wealth preservation through quality property assets.
Main Ridge has an average rental yield of 1.3%, which is below the national average, which is common in premium or high-growth suburbs where investors prioritize capital appreciation over rental income. Investors in Main Ridge typically focus on long-term wealth building rather than immediate cash flow.
Main Ridge has a population of approximately 416 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Main Ridge is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Main Ridge's suburb score of 93/100 can be compared against other suburbs in Mornington Peninsula Shire to identify relative investment value. With a score above 80, Main Ridge ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in Mornington Peninsula Shire using our platform to find the best investment opportunities.
