Suburb Profile Report for Mornington QLD (4825)

Mornington House: Median price $327,500, Annual capital growth 5.34%, Number of sales 20, Weekly median advertised rent $555

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Mornington, 4825 have given investors a capital gain of 18.75%. This compares favourably with the 15.40% for QLD as a whole.

While Mornington,4825 ranked number 385th in QLD for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.41% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of 0.00% to real estate investors.

Using the current median advertised rental of $555 and the average annual increase in value of a median property of 5.34%, investors should hope to achieve an overall return of 8.81%

Metrics i HOUSE UNIT
$327,500 N/A
4.78% N/A
18.75% N/A
5.34% N/A
$555 N/A
20 N/A
4.05% N/A
90.1818181818182 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1918
Median household income ($/weekly) 1789
Median age of persons 30
Median housing loan repayment ($/monthly) 2040
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 227 11.8
    20-24 years 190 9.9
    25-34 years 426 22.2
    35-44 years 256 13.3
    45-54 years 246 12.8
    Others 573 29.9
    Age Group
    Census Count Percent(%)
    Not Married 518 43.5
    Registered Married 460 38.6
    Defacto Relationship 213 17.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1246 75.7
    Papua New Guinea 132 8.0
    Philippines 65 3.9
    United Kingdom 32 1.9
    Other 60 3.6
    Others 111 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.8
    Christianity 1101 69.4
    Hinduism 17 1.1
    Islam 12 0.8
    No Religion 433 27.3
    Others 10 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 38 6.6
    $1,500-$1,999 99 17.2
    $2,000-$2,499 61 10.6
    $2,500-$2,999 68 11.8
    $3,000-$3,499 57 9.9
    Others 252 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 765 58.5
    Not in the labour force 267 20.4
    Employed, worked part-time 146 11.2
    Employed, away from work 80 6.1
    Unemployed, looking for work 49 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 182 18.4
    Technicians & trades workers 197 19.9
    Community & personal service workers 102 10.3
    Clerical & administrative workers 99 10.0
    Machinery operators & drivers 161 16.3
    Others 249 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 25 7.9
    Infants/Primary 138 43.5
    Secondary 78 24.6
    Technical or Further Educational Institution 32 10.1
    University or other Tertiary Institutions 36 11.4
    Others 8 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1049 66.1
    Flat, unit or apartment 400 25.2
    Semi-detached, row or terrace house, townhouse 108 6.8
    Caravan, cabin, houseboat 21 1.3
    Improvised home, tent, sleepers out 10 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 339 55.8
    Being purchased 170 28.0
    Fully owned 92 15.2
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
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