Suburb Profile Report for Mornington TAS (7018)

Mornington House: Median price $409,500, Annual capital growth 5.81%, Number of sales 37, Weekly median advertised rent $405

Mornington Unit: Median price $390,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

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

At number 94th in the list of Australian suburbs ordered by increase in median house value over the last year, Mornington, 7018 is in the top 10% with a property value increase of 27.97% recorded in median house prices.

If we look at median property appreciation over just the last three months, Mornington has given property investors a paper return of 6.23%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in TAS

In the last year 10 properties changed hands in Mornington, which puts it as the 67th most active market in TAS when comparing the number of sales per suburb.

Situated 5.88km from the CBD, Mornington is one of Clarence (C) localities in the postcode 7018.

YIP MAG Information supplied by:

YIP MAG
May 2016

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Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.Full summary

Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.

With a low house median of $283,000, Mornington is an affordable suburb that returns an excellent yield of 5.8% – virtually the same rate of return as neighbouring suburbs Bellerive and Howrah, which have median house values in the mid-$400,000s and $368,000 respectively.

This is likely to see house-hunters searching out cheaper dwellings and rents in nearby suburbs, and Mornington  ts the bill for both historic capital growth and yield.

A vacancy rate of 1.15% lands Mornington in  fth place in Tasmania for lowest vacancy rates.

The suburb appeals to families, and three-bedroom houses are in highest demand.

Newer homes on eastern streets are at the higher end of the median, while high-set houses have mountain views.

Close
Metrics i HOUSE UNIT
$409,500 $390,000
6.23% N/A
27.97% N/A
5.81% N/A
$405 N/A
37 10
5.14% N/A
12.66 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2185
Median household income ($/weekly) 948
Median age of persons 35
Median housing loan repayment ($/monthly) 1413
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 238 10.9
    25-34 years 367 16.8
    35-44 years 269 12.3
    45-54 years 248 11.4
    55-64 years 266 12.2
    Others 797 36.5
    Age Group
    Census Count Percent(%)
    Not Married 756 48.4
    Registered Married 561 35.9
    Defacto Relationship 246 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1901 92.7
    Papua New Guinea 20 1.0
    South Africa 12 0.6
    United Kingdom 60 2.9
    Other 31 1.5
    Others 27 1.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.4
    Christianity 1319 68.5
    Hinduism 3 0.2
    Islam 4 0.2
    No Religion 589 30.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 115 14.5
    $600-$799 94 11.8
    $800-$999 86 10.8
    $1,000-$1,249 97 12.2
    $1,500-$1,999 97 12.2
    Others 305 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 665 39.1
    Employed, worked full-time 596 35.1
    Employed, worked part-time 304 17.9
    Unemployed, looking for work 75 4.4
    Employed, away from work 60 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 120 12.5
    Technicians & trades workers 184 19.1
    Community & personal service workers 126 13.1
    Clerical & administrative workers 142 14.8
    Labourers 125 13.0
    Others 264 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 18 4.5
    Infants/Primary 171 42.5
    Secondary 97 24.1
    Technical or Further Educational Institution 57 14.2
    University or other Tertiary Institutions 42 10.4
    Others 17 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1793 90.8
    Flat, unit or apartment 159 8.1
    Semi-detached, row or terrace house, townhouse 23 1.2
    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 354 42.1
    Rented 260 31.0
    Fully owned 223 26.5
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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