Suburb Profile Report for Mornington VIC (3931)

Mornington House: Median price $677,500, Annual capital growth 7.25%, Number of sales 437, Weekly median advertised rent $450

Mornington Unit: Median price $508,000, Annual capital growth 5.67%, Number of sales 249, 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 7.54% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.25% property growth over the last 5 years.

A 27.83% growth in median value for property investors in Mornington,3931 puts this suburb at number 300th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of -4.13% to real estate investors.

On average over the past year, suburb has had 36.42 sales per month, which equates to 437 per year.

With the median price for a house in Mornington being $677500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.45%

Mornington has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.65% to date .

Across a shorter period, Mornington, 3931 has seen a median price increase of 1.09% over the last quarter.

The most recent median price for Mornington is $508000, with sellers offering an average of -4.49% off the asking price.

HOUSE UNIT
$677,500 $508,000
2.34% 1.09%
7.54% 11.65%
7.25% 5.67%
$450 $350
437 249
3.45% 3.58%
62.92 59.11

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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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