Suburb Profile Report for Mornington VIC (3931)

Mornington House: Median price $668,000, Annual capital growth 7.13%, Number of sales 475, Weekly median advertised rent $445

Mornington Unit: Median price $493,250, Annual capital growth 5.52%, Number of sales 238, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.74% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.13% property growth over the last 5 years.

Over the longer term, Mornington has seen property prices show investors a 29.71% return over the last 3 years. This is worse than over the last 12 months

Mornington3931 is located in VIC which offers an average discount of -6.04% to property investors. Mornington itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.

A $445 per week rent on the median house gives suburb investors a gross yield of circa 3.46%, without taking into account capital value appreciation, which has been averaging out at 7.13%.

Giving property investors a a stable capital gain of 10.59% for the last year, Mornington, 3931 is the 370th highest performer in Australia in this respect.

Across a shorter period, Mornington, 3931 has seen a median price increase of 0.66% over the last quarter.

Our latest figures would indicate that property sellers in Mornington are currently offering property investors an average price cut of -4.89% below the asking price at the moment.

The VIC suburb of Mornington, 3931 is in the Mornington Peninsula local government area.

HOUSE UNIT
$668,000 $493,250
2.77% 0.66%
7.74% 10.59%
7.13% 5.52%
$445 $350
475 238
3.46% 3.69%
63.6 62.47

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Mornington VIC
Demographics
Total population 22421
Median household income ($/weekly) 1025
Median age of persons 43
Median housing loan repayment ($/monthly) 1738
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2647 11.8
    35-44 years 3222 14.4
    45-54 years 2769 12.3
    55-64 years 2899 12.9
    65-74 years 2559 11.4
    Others 8326 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 8157 49.5
    Not Married 6810 41.3
    Defacto Relationship 1524 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 16296 76.9
    Italy 157 0.7
    Papua New Guinea 393 1.9
    United Kingdom 2720 12.8
    Other 406 1.9
    Others 1227 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 177 0.9
    Christianity 13789 68.5
    Islam 44 0.2
    Other Religious Groups 86 0.4
    No Religion 5991 29.7
    Others 51 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1003 12.4
    $600-$799 934 11.5
    $800-$999 819 10.1
    $1,000-$1,249 743 9.2
    $1,500-$1,999 989 12.2
    Others 3613 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7026 40.5
    Employed, worked full-time 5856 33.7
    Employed, worked part-time 3374 19.4
    Employed, away from work 601 3.5
    Unemployed, looking for work 512 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1202 12.2
    Professionals 1943 19.8
    Technicians & trades workers 1730 17.6
    Community & personal service workers 1057 10.8
    Clerical & administrative workers 1362 13.9
    Others 2531 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 431 9.6
    Infants/Primary 1731 38.7
    Secondary 1233 27.6
    Technical or Further Educational Institution 420 9.4
    University or other Tertiary Institutions 480 10.7
    Others 174 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16545 80.0
    Semi-detached, row or terrace house, townhouse 2773 13.4
    Flat, unit or apartment 1192 5.8
    Caravan, cabin, houseboat 157 0.8
    House or flat attached to a shop, office 14 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3255 37.4
    Being purchased 3153 36.2
    Rented 2238 25.7
    Other tenure type 58 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals