Suburb Profile Report for Mortlake VIC (3272)

Mortlake House: Median price $147,500, Annual capital growth 0.40%, Number of sales 26, Weekly median advertised rent $200

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Mortlake is in the bottom 40% in VIC when comparing median price capital growth over the last year. Mortlake gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.36%.

Across a shorter period, Mortlake, 3272 has seen a median price increase of 3.51% over the last quarter.

Our latest figures would indicate that property sellers in Mortlake are currently offering property investors an average price cut of -11.75% below the asking price at the moment.

In the last year 26 properties changed hands in Mortlake, which puts it as the 552th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $200 mark per week – giving a return of 7.05% based on the median price in Suburb

HOUSE UNIT
$147,500 N/A
3.51% N/A
5.36% N/A
0.40% N/A
$200 N/A
26 N/A
7.05% N/A
137.71 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 1354
Median household income ($/weekly) 776
Median age of persons 47
Median housing loan repayment ($/monthly) 867
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 161 11.9
    35-44 years 145 10.7
    45-54 years 165 12.2
    55-64 years 199 14.7
    65-74 years 164 12.1
    Others 521 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 501 50.9
    Not Married 394 40.0
    Defacto Relationship 90 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1219 93.1
    New Zealand 7 0.5
    Papua New Guinea 24 1.8
    United Kingdom 36 2.7
    Other 15 1.1
    Others 9 0.7
    Country of Birth
    Census Count Percent(%)
    Christianity 970 78.0
    No Religion 262 21.1
    Islam 8 0.6
    Other Religious Groups 3 0.2
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 62 12.0
    $400-$599 95 18.4
    $600-$799 66 12.8
    $800-$999 61 11.8
    $1,000-$1,249 46 8.9
    Others 187 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 484 46.4
    Employed, worked full-time 331 31.8
    Employed, worked part-time 172 16.5
    Employed, away from work 30 2.9
    Unemployed, looking for work 25 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 121 22.6
    Professionals 63 11.8
    Technicians & trades workers 90 16.8
    Community & personal service workers 55 10.3
    Labourers 77 14.4
    Others 129 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 16 5.9
    Infants/Primary 114 42.2
    Secondary 76 28.1
    Technical or Further Educational Institution 28 10.4
    University or other Tertiary Institutions 23 8.5
    Others 13 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1225 97.8
    Semi-detached, row or terrace house, townhouse 19 1.5
    Caravan, cabin, houseboat 3 0.2
    Improvised home, tent, sleepers out 3 0.2
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 265 49.0
    Being purchased 151 27.9
    Rented 122 22.6
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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