Suburb Profile Report for Mordialloc VIC (3195)

Mordialloc House: Median price $895,000, Annual capital growth 5.82%, Number of sales 88, Weekly median advertised rent $550

Mordialloc Unit: Median price $620,000, Annual capital growth 5.18%, Number of sales 71, Weekly median advertised rent $420

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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VIC has seen average median house prices change by -1.69% which means that Mordialloc, 3195 has not done well for property investors by showing a capital gain of -12.68% over the last year

Taking the average capital gain, or increase in median house value, Mordialloc,3195 has racked up an average of -12.68% over the period. This ranks it number 2700th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Mordialloc is offering property investors an average of -6.82. This rate of discount on properties puts Suburb at number 240th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 5.82%, investors should hope to achieve an overall return of 3.20%

Mordialloc is an average performer in VIC when comparing median price capital growth over the last year. Mordialloc gave property investors a average capital gain figure when compared to the rest of the state, with 1.14%.

Mordialloc,3195 was ranked 366 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Mordialloc are currently offering property investors an average price cut of -5.18% below the asking price at the moment.

The VIC suburb of Mordialloc, 3195 is in the Kingston (C) (Vic.) local government area.

Information supplied by:


October 2017

M
O

W
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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.

Metrics i HOUSE UNIT
$895,000 $620,000
-1.05% 1.81%
-12.68% 1.14%
5.82% 5.18%
$550 $420
88 71
3.20% 3.52%
66.2040816326531 67.2244897959184

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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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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