Suburb Profile Report for Mount Martha VIC (3934)

Mount Martha House: Median price $870,000, Annual capital growth 7.85%, Number of sales 391, Weekly median advertised rent $495

Mount Martha Unit: Median price $550,738, Annual capital growth 6.23%, Number of sales 78, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Mount Martha has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.44%

The five-year average increase in median property values for Mount Martha,3934 has given property investors a potential capital gain of 45.73% across each of those five years.

Our latest figures would indicate that property sellers in Mount Martha are currently offering property investors an average price cut of -4.15% below the asking price at the moment.

A $495 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 7.85%.

Giving property investors a a stable capital gain of 5.91% for the last year, Mount Martha, 3934 is the 615th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Martha has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Mount Martha should be aiming for at least -2.43% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$870,000 $550,738
2.23% 2.18%
12.44% 5.91%
7.85% 6.23%
$495 $440
391 78
2.96% 4.15%
48.59 91.98

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 17087
Median household income ($/weekly) 1415
Median age of persons 41
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2602 15.2
    35-44 years 2710 15.9
    45-54 years 2359 13.8
    55-64 years 2034 11.9
    65-74 years 1745 10.2
    Others 5637 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 7072 59.9
    Not Married 3769 31.9
    Defacto Relationship 960 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12815 78.6
    Greece 113 0.7
    Papua New Guinea 237 1.5
    United Kingdom 2071 12.7
    Other 281 1.7
    Others 795 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 124 0.8
    Christianity 10490 67.7
    Judaism 29 0.2
    Other Religious Groups 35 0.2
    No Religion 4776 30.8
    Others 32 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 494 9.5
    $800-$999 475 9.1
    $1,500-$1,999 731 14.1
    $2,000-$2,499 567 10.9
    $2,500-$2,999 535 10.3
    Others 2391 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4491 35.8
    Not in the labour force 4387 35.0
    Employed, worked part-time 2928 23.3
    Employed, away from work 472 3.8
    Unemployed, looking for work 269 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1174 14.9
    Professionals 1785 22.6
    Technicians & trades workers 1293 16.4
    Clerical & administrative workers 1065 13.5
    Sales 940 11.9
    Others 1632 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 353 8.4
    Infants/Primary 1781 42.4
    Secondary 1295 30.9
    Technical or Further Educational Institution 310 7.4
    University or other Tertiary Institutions 361 8.6
    Others 96 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14578 93.6
    Semi-detached, row or terrace house, townhouse 829 5.3
    Flat, unit or apartment 175 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2664 46.5
    Fully owned 2203 38.4
    Rented 784 13.7
    Other tenure type 81 1.4
    Tenure Type
Census 2011, ABS
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