Suburb Profile Report for Mordialloc VIC (3195)

Mordialloc House: Median price $1,085,000, Annual capital growth 7.51%, Number of sales 66, Weekly median advertised rent $550

Mordialloc Unit: Median price $607,750, Annual capital growth 5.56%, Number of sales 90, Weekly median advertised rent $400

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

Property value increases in Mordialloc have tracked just lower than the VIC average of 8.62% over the last 12 months.

Mordialloc,3195 has offered an average of 5.49% return per annum in house price rises to property investors over the last three years.

At number 383th of VIC’s most discounted properties, Mordialloc is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mordialloc the average time real estate has been on the market is 56.37 days.

Mordialloc is 417th on a list of best yielding suburbs for rents in VIC with a 2.64% return

Property value increases in Mordialloc have tracked close to the VIC average of 7.50% over the last 12 months.

If we look at median property appreciation over just the last three months, Mordialloc has given property investors a paper return of -0.21%. This puts Suburb as 227 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Mordialloc itself are offering an average vendor discount of -2.36% to real estate investors.

In the last year 90 properties changed hands in Mordialloc, which puts it as the 82th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Information supplied by:


October 2017

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Known colloquially as Mordi, the suburb of Mordialloc is known for its production of traditional wooden boats.Full summary

Creekside suburb rides momentum

Postcode: 3195

Median house price: $977,500

Three-year growth: 42.7%

Rental yield: 2.8%

Known colloquially as Mordi, the suburb of Mordialloc is known for its production of traditional wooden boats.

Values have steadily been increasing over the past five years in the house market. Despite the high prices, vacancies are tight in this suburb, and the average vendor discount rate is low at just 3.8%.

Mordialloc Creek is the suburb’s most popular feature, with walking trails running along its banks. There is also a beach stretching from the creek to the Mentone bluffs. Aside from its natural attractions, Mordialloc is also home to several schools, including Mordialloc College, Mordialloc Beach Primary School and St Brigids Mordialloc.

Commuters can get around by train through the local station, which is part of the Frankston railway line.

Close
Metrics i HOUSE UNIT
$1,085,000 $607,750
-3.13% -0.21%
5.49% 8.62%
7.51% 5.56%
$550 $400
66 90
2.64% 3.42%
56.37 40.27

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Mordialloc VIC
Demographics
Total population 7536
Median household income ($/weekly) 1359
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 885 11.7
    25-34 years 1087 14.4
    35-44 years 1323 17.6
    45-54 years 1075 14.3
    55-64 years 769 10.2
    Others 2398 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 2607 47.0
    Not Married 2362 42.6
    Defacto Relationship 579 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5281 73.6
    Croatia 120 1.7
    Papua New Guinea 118 1.6
    United Kingdom 549 7.6
    Other 315 4.4
    Others 796 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.3
    Christianity 4561 66.4
    Hinduism 61 0.9
    Islam 56 0.8
    No Religion 1994 29.0
    Others 110 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 230 8.6
    $1,000-$1,249 218 8.2
    $1,500-$1,999 341 12.8
    $2,000-$2,499 269 10.1
    $2,500-$2,999 311 11.6
    Others 1301 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2553 44.0
    Not in the labour force 1783 30.7
    Employed, worked part-time 1079 18.6
    Employed, away from work 222 3.8
    Unemployed, looking for work 166 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 557 14.5
    Professionals 995 25.8
    Technicians & trades workers 527 13.7
    Clerical & administrative workers 654 17.0
    Sales 351 9.1
    Others 769 20.0
    Occupation
    Census Count Percent(%)
    Pre-school 174 10.2
    Infants/Primary 600 35.3
    Secondary 426 25.0
    Technical or Further Educational Institution 165 9.7
    University or other Tertiary Institutions 271 15.9
    Others 65 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4023 57.0
    Semi-detached, row or terrace house, townhouse 1588 22.5
    Flat, unit or apartment 1407 20.0
    House or flat attached to a shop, office 34 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1194 41.3
    Rented 865 30.0
    Fully owned 817 28.3
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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