Suburb Profile Report for Mornington QLD (4825)

Mornington House: Median price $275,000, Annual capital growth -3.54%, Number of sales 19, Weekly median advertised rent $420

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

If you compare the increase in value of investment property in Mornington, 4825 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -5.17%.

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

Mornington, 4825 is offering QLD ‘s 126th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of -3.54%, investors should hope to achieve an overall return of 7.94%

Metrics	HOUSE	UNIT
Median price	$275,000	N/A
Quarterly growth	1.10%	N/A
12-month growth	-5.17%	N/A
Average Annual Growth	-3.54%	N/A
Weekly median advertised rent	$420	N/A
Number of sales	19	N/A
Gross rental yield	7.94%	N/A
Days on market	58.8	N/A

DSR Score for property investment : Above average (U), Above average (H)

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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