Suburb Profile Report for Mordialloc VIC (3195)

Mordialloc House: Median price $1,017,500, Annual capital growth 6.29%, Number of sales 80, Weekly median advertised rent $550

Mordialloc Unit: Median price $615,000, Annual capital growth 4.00%, Number of sales 106, Weekly median advertised rent $420

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 449th in the list of Australian suburbs ordered by increase in median house value over the last year, Mordialloc, 3195 is in the top 20% with a property value increase of 11.81% recorded in median house prices.

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

At number 278th of VIC’s most discounted properties, Mordialloc is in the middle of the state/territory when listing in order of most discounted to least.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 6.29%.

Mordialloc has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.81% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mordialloc comes in at number 200th in VIC.

Our latest figures would indicate that property sellers in Mordialloc are currently offering property investors an average price cut of -6.61% below the asking price at the moment.

Information supplied by:


October 2017

M
O

W
E

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
$1,017,500 $615,000
5.44% -0.81%
11.81% -0.81%
6.29% 4.00%
$550 $420
80 106
2.81% 3.55%
89.4722222222222 82.4444444444445

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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