Suburb Profile Report for Mount Martha VIC (3934)

Mount Martha House: Median price $862,000, Annual capital growth 7.73%, Number of sales 406, Weekly median advertised rent $495

Mount Martha Unit: Median price $542,000, Annual capital growth 6.20%, Number of sales 84, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Mount Martha, 3934 have given investors a capital gain of 13.80%. This compares favourably with the 8.96% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Mount Martha,3934 has racked up an average of 13.80% over the period. This ranks it number 1043th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.05% to buyers in Mount Martha at the moment, which is less than average for the rest of VIC.

A $495 per week rent on the median house gives suburb investors a gross yield of circa 2.99%, without taking into account capital value appreciation, which has been averaging out at 7.73%.

Over the last year, property investments in Mount Martha, 3934 have given investors a capital gain of 4.23%. This compares averagely with the 4.26% for VIC as a whole.

A 35.33% growth in median value for property investors in Mount Martha,3934 puts this suburb at number 129th in terms of best performing suburbs in VIC

Property buyers and investors in Mount Martha 3934 should be seeing an average reduction in asking price of around -2.04% . This means that Mount Martha is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 7.00 sales per month, which equates to 84 per year.

Situated 46.98km from the CBD, Mount Martha is one of Mornington Peninsula localities in the postcode 3934.

Metrics i HOUSE UNIT
$862,000 $542,000
2.31% 1.88%
13.80% 4.23%
7.73% 6.20%
$495 $435
406 84
2.99% 4.17%
52.78 79.92

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Mount Martha VIC
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
Chart Table
Recent sales & rentals