Suburb Profile Report for Mornington VIC (3931)

Mornington House: Median price $800,000, Annual capital growth 7.70%, Number of sales 488, Weekly median advertised rent $460

Mornington Unit: Median price $605,000, Annual capital growth 6.34%, Number of sales 205, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.03% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.70% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Mornington has given property investors a paper return of -1.23%. This puts Suburb as 582 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -4.87%. This puts suburb at number 320th in VIC when ranking the most discounted suburbs.

With the median price for a house in Mornington being $800000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 2.99%

Over the last year, property investments in Mornington, 3931 have given investors a capital gain of 8.04%. This compares averagely with the 7.73% for VIC as a whole.

Mornington,3931 was ranked 438 in Australia by increase in median property value over the quarter.

Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 158th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $385 and the average annual increase in value of a median property of 6.34%, investors should hope to achieve an overall return of 3.31%

Metrics i HOUSE UNIT
$800,000 $605,000
-1.23% 2.54%
0.03% 8.04%
7.70% 6.34%
$460 $385
488 205
2.99% 3.31%
49.9 53.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 22421
Median household income ($/weekly) 1025
Median age of persons 43
Median housing loan repayment ($/monthly) 1738
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2647 11.8
    35-44 years 3222 14.4
    45-54 years 2769 12.3
    55-64 years 2899 12.9
    65-74 years 2559 11.4
    Others 8326 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 8157 49.5
    Not Married 6810 41.3
    Defacto Relationship 1524 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 16296 76.9
    Italy 157 0.7
    Papua New Guinea 393 1.9
    United Kingdom 2720 12.8
    Other 406 1.9
    Others 1227 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 177 0.9
    Christianity 13789 68.5
    Islam 44 0.2
    Other Religious Groups 86 0.4
    No Religion 5991 29.7
    Others 51 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1003 12.4
    $600-$799 934 11.5
    $800-$999 819 10.1
    $1,000-$1,249 743 9.2
    $1,500-$1,999 989 12.2
    Others 3613 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7026 40.5
    Employed, worked full-time 5856 33.7
    Employed, worked part-time 3374 19.4
    Employed, away from work 601 3.5
    Unemployed, looking for work 512 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1202 12.2
    Professionals 1943 19.8
    Technicians & trades workers 1730 17.6
    Community & personal service workers 1057 10.8
    Clerical & administrative workers 1362 13.9
    Others 2531 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 431 9.6
    Infants/Primary 1731 38.7
    Secondary 1233 27.6
    Technical or Further Educational Institution 420 9.4
    University or other Tertiary Institutions 480 10.7
    Others 174 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16545 80.0
    Semi-detached, row or terrace house, townhouse 2773 13.4
    Flat, unit or apartment 1192 5.8
    Caravan, cabin, houseboat 157 0.8
    House or flat attached to a shop, office 14 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3255 37.4
    Being purchased 3153 36.2
    Rented 2238 25.7
    Other tenure type 58 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals