Suburb Profile Report for Mortlake VIC (3272)

Mortlake House: Median price $173,750, Annual capital growth 1.31%, Number of sales 19, Weekly median advertised rent $230

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

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

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Giving property investors a a stable capital gain of 5.30% for the last year, Mortlake, 3272 is the 979th highest performer in Australia in this respect.

A 44.79% growth in median value for property investors in Mortlake,3272 puts this suburb at number 51th in terms of best performing suburbs in VIC

Mortlake, 3272 is offering VIC ‘s 41th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

Information supplied by:


February 2019

M
O

W
E

House market experiences gentle growth

Postcode: 3272

Median house price: $165,000

Three-year growth: 17.9%

Rental yield: 6.9%

With a rather exciting location at the foot of dormant volcano Mount Shadwell, the suburb of Mortlake is a remarkable geological site that has an abundance of the green rock peridot, also known as olivine.

Although Mount Shadwell last erupted a long time ago, Mortlake continues to capitalise on its presence by allowing visitors to fossick for olivine at the volcano’s quarry and to scavenge for “volcano bombs” – large, egg-shaped rocks ejected during eruption and containing traces of olivine. Mortlake is also known for its heritage trails, which highlight the 1850’s-era bluestone buildings in town. There are many shops and dining options as well.

Given the very low median value for houses, some may be surprised to find that Mortlake has recorded steady price increases since 2013. It is not a massive grower, but it is definitely one to look at for long-term investment.

Metrics i HOUSE UNIT
$173,750 N/A
5.30% N/A
5.30% N/A
1.31% N/A
$230 N/A
19 N/A
6.88% N/A
83.5714285714286 N/A

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. 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 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
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