Suburb Profile Report for Mount Martha VIC (3934)

Mount Martha House: Median price $915,000, Annual capital growth 6.76%, Number of sales 280, Weekly median advertised rent $560

Mount Martha Unit: Median price $612,000, Annual capital growth 5.37%, Number of sales 49, Weekly median advertised rent $460

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

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

  • House Report
  • Unit Report

At number 2931th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Martha, 3934 is in the BOTTOM 30% with a property value increase of -6.87% recorded in median house prices.

Across a shorter period, Mount Martha, 3934 has seen a median price increase of -1.35% over the last quarter.

Our latest figures would indicate that property sellers in Mount Martha are currently offering property investors an average price cut of -10.14% below the asking price at the moment.

On average over the past year, suburb has had 23.33 sales per month, which equates to 280 per year.

Property investors should expect to get $560 weekly from the median priced house in this suburb.

Investment property in Mount Martha has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.43%

While Mount Martha,3934 ranked number 175th in VIC for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.

Sellers are offering property buyers an average discount of -4.94% to buyers in Mount Martha at the moment, which is less than average for the rest of VIC.

Residents and property investors in Mount Martha have been waiting around 106.459 days to sell a property.

Property investors should expect to get $460 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$915,000 $612,000
-1.35% 0.00%
-6.87% 6.43%
6.76% 5.37%
$560 $460
280 49
3.18% 3.91%
81.1572052401747 106.459459459459

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 17087
Median household income ($/weekly) 1415
Median age of persons 41
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2602 15.2
    35-44 years 2710 15.9
    45-54 years 2359 13.8
    55-64 years 2034 11.9
    65-74 years 1745 10.2
    Others 5637 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 7072 59.9
    Not Married 3769 31.9
    Defacto Relationship 960 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12815 78.6
    Greece 113 0.7
    Papua New Guinea 237 1.5
    United Kingdom 2071 12.7
    Other 281 1.7
    Others 795 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 124 0.8
    Christianity 10490 67.7
    Judaism 29 0.2
    Other Religious Groups 35 0.2
    No Religion 4776 30.8
    Others 32 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 494 9.5
    $800-$999 475 9.1
    $1,500-$1,999 731 14.1
    $2,000-$2,499 567 10.9
    $2,500-$2,999 535 10.3
    Others 2391 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4491 35.8
    Not in the labour force 4387 35.0
    Employed, worked part-time 2928 23.3
    Employed, away from work 472 3.8
    Unemployed, looking for work 269 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1174 14.9
    Professionals 1785 22.6
    Technicians & trades workers 1293 16.4
    Clerical & administrative workers 1065 13.5
    Sales 940 11.9
    Others 1632 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 353 8.4
    Infants/Primary 1781 42.4
    Secondary 1295 30.9
    Technical or Further Educational Institution 310 7.4
    University or other Tertiary Institutions 361 8.6
    Others 96 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14578 93.6
    Semi-detached, row or terrace house, townhouse 829 5.3
    Flat, unit or apartment 175 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2664 46.5
    Fully owned 2203 38.4
    Rented 784 13.7
    Other tenure type 81 1.4
    Tenure Type
Census 2011, ABS
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