Suburb Profile Report for Mordialloc VIC (3195)

Mordialloc House: Median price $1,140,000, Annual capital growth 8.39%, Number of sales 86, Weekly median advertised rent $550

Mordialloc Unit: Median price $610,500, Annual capital growth 6.31%, Number of sales 111, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Mordialloc has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.62%

The five-year average increase in median property values for Mordialloc,3195 has given property investors a potential capital gain of 83.87% across each of those five years.

Property buyers and investors in Mordialloc 3195 should be seeing an average reduction in asking price of around -2.64% . This means that Mordialloc is holding prices well when compared to other suburbs in VIC.

In the last year 86 properties changed hands in Mordialloc, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $550 mark per week – giving a return of 2.51% based on the median price in Suburb

Over the last year, property investments in Mordialloc, 3195 have given investors a capital gain of 13.06%. This compares favourably with the 8.36% for VIC as a whole.

Comparing Mordialloc,3195 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Mordialloc3195 is located in VIC which offers an average discount of -4.67% to property investors. Mordialloc itself is showing figures that indicate -2.68% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $390 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
$1,140,000 $610,500
1.33% 3.83%
16.62% 13.06%
8.39% 6.31%
$550 $390
86 111
2.51% 3.32%
55.16 50.21

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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Recent sales & rentals