Suburb Profile Report for Mornington VIC (3931)

Mornington House: Median price $797,500, Annual capital growth 7.20%, Number of sales 418, Weekly median advertised rent $480

Mornington Unit: Median price $620,000, Annual capital growth 6.74%, Number of sales 104, Weekly median advertised rent $420

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

Property value increases in Mornington have tracked just lower than the VIC average of 4.75% over the last 12 months.

While Mornington,3931 ranked number 428th in VIC for increase in median house value (annualised) increase, it is ranked 277th over the last 5 years.

At number 281th of VIC’s most discounted properties, Mornington is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mornington the average time real estate has been on the market is 65.41 days.

Renters in Suburb are facing rents around $24960 per annum or $480 every week.

With a capital gain of 2.43% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 6.21% 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 1.24%. This puts Suburb as 103 on a list of fastest fasting appreciating suburbs in VIC

At number 140th of VIC’s most discounted properties, Mornington is in the middle of the state/territory when listing in order of most discounted to least.

The VIC suburb of Mornington, 3931 is in the Mornington Peninsula (S) local government area.

Metrics i HOUSE UNIT
$797,500 $620,000
-1.79% 3.33%
2.24% 4.20%
7.20% 6.74%
$480 $420
418 104
3.13% 3.52%
53.806854 63.393257

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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
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