Suburb Profile Report for Mortlake VIC (3272)

Mortlake House: Median price $170,000, Annual capital growth 3.03%, Number of sales 20, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 11.69% which means that Mortlake, 3272 has done well for property investors by showing a capital gain of 12.90% over the last year

Comparing Mortlake,3272 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Mortlake should be aiming for at least -8.92% off the asking price, which is the average vendor discount being achieved at the moment.

Mortlake is 23th on a list of best yielding suburbs for rents in VIC with a 6.54% return

Metrics i HOUSE UNIT
$170,000 N/A
4.62% N/A
8.45% N/A
3.03% N/A
$220 N/A
20 N/A
6.73% N/A
153.55 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1354
Median household income ($/weekly) 776
Median age of persons 47
Median housing loan repayment ($/monthly) 867
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 161 11.9
    35-44 years 145 10.7
    45-54 years 165 12.2
    55-64 years 199 14.7
    65-74 years 164 12.1
    Others 521 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 501 50.9
    Not Married 394 40.0
    Defacto Relationship 90 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1219 93.1
    New Zealand 7 0.5
    Papua New Guinea 24 1.8
    United Kingdom 36 2.7
    Other 15 1.1
    Others 9 0.7
    Country of Birth
    Census Count Percent(%)
    Christianity 970 78.0
    No Religion 262 21.1
    Islam 8 0.6
    Other Religious Groups 3 0.2
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 62 12.0
    $400-$599 95 18.4
    $600-$799 66 12.8
    $800-$999 61 11.8
    $1,000-$1,249 46 8.9
    Others 187 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 484 46.4
    Employed, worked full-time 331 31.8
    Employed, worked part-time 172 16.5
    Employed, away from work 30 2.9
    Unemployed, looking for work 25 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 121 22.6
    Professionals 63 11.8
    Technicians & trades workers 90 16.8
    Community & personal service workers 55 10.3
    Labourers 77 14.4
    Others 129 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 16 5.9
    Infants/Primary 114 42.2
    Secondary 76 28.1
    Technical or Further Educational Institution 28 10.4
    University or other Tertiary Institutions 23 8.5
    Others 13 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1225 97.8
    Semi-detached, row or terrace house, townhouse 19 1.5
    Caravan, cabin, houseboat 3 0.2
    Improvised home, tent, sleepers out 3 0.2
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 265 49.0
    Being purchased 151 27.9
    Rented 122 22.6
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals