Suburb Profile

Suburb profile for,

Mornington, VIC 3931

About Mornington

Situated in Victoria's 3931 postcode, Mornington is a well-established residential suburb.

Demographics and Community

Mornington has a population of approximately 23,995, a median age of 47, a median weekly household income of $1,231.

Property Market Overview

The current median house price in Mornington is $1,130,000. Average annual growth is -0.9%.

Properties in Mornington spend an average of 31 days on market.

Rental Market

The median weekly rent for houses in Mornington is $495. Gross rental yield is 3.20%, which is typical for a growth-oriented market.

Nearby Suburbs

Explore other suburb profiles in the area: Dromana, VIC, Safety Beach, VIC, San Remo, VIC, Mccrae, VIC, Rosebud, VIC.

Considering Mornington for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Mornington or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

Mornington, VIC 3931

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
VIC
Suburb
MORNINGTON
Postcode
3931
Median price for all dwellings
$1,130,000
Last 12 months growth return
Down -0.9%
Avg. dwellings for sale in the suburb every month
81
Avg. dwellings sold in the suburb in previous 12 months
364
Avg days on market for a dwelling listing to sell
31 days
Avg. number of people searching in this suburb every month
5165
Avg. rental yield per annum
3.20%
Weekly median rent for all dwellings
$495 per week
Median price for all houses
$1,130,000
Avg. rental yield growth in the previous 12 months
3.20%
Avg. days for a rental listing to find a tennant
19 days
Total suburb population in 2016
23995
Total suburb population change in 5 years up to 2016
7.00%
Avg. household income per week
$1,231
Median age of the population in the suburb
47
Historic avg annual growth return per annum in the suburb
7.80%