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Mornington, VIC 3931

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mornington, VIC 3931 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mornington, VIC 3931”

  1. The total adult population (15 years or older) of Mornington 3931 VIC is 21,895, with a median age of 50. Of those, 48.20% are married, 15.14% are divorced or separated, 27.93% are single and 8.75% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,004. The median monthly mortgage repayment for households in this suburb is $2,000 which is 24.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of VIC, the suburb of Mornington 3931 is home to an estimated 14,307 households. As we move into the Q3 of 2023, the typical price for houses in Mornington 3931 stands at $1,181,971, with a median weekly rent of $602. This combination results in an indicative yield of 2.65%, which, while below the optimal 3% yield, still presents potential for cashflow-conscious investors.

    Mornington boasts an IRSAD score of 1012 out of a possible 1217, indicating a higher socio-economic status among its residents. It also supports a favourable renter to owner ratio of 21%, reflecting a market balance that is not oversaturated by rental properties.

    Moreover, the units to houses ratio is a positive 22%. This signals less competition among landlords for tenants, which combined with a dominantly family-driven demography usually leads to longer tenancy periods. However, it’s vital to watch closely any market changes to avoid an oversupply or regulatory shifts that can significantly affect the units’ market, albeit being currently reliable.

    When we cast our gaze towards affordability, the index for houses stands at 58 years. This high figures indicates a decreased level of affordability in the area. However, it doesn’t necessarily mean that the property market in Mornington is beyond reach, especially if other metrics present favourable results, which is indeed the case in this scenario.

    In terms of supply metrics, the stock on market Percentage for houses is a pleasing 0.25%, marking a favourable low supply. Furthermore, the inventory level for houses stands at a favourable 0.81 months. Meanwhile, the building approvals Ratio for houses is at a favourable 0.28%, which indicates low supply of new dwellings.

    Shifting to demand, the promising trend continues, as the days on market for houses is at a favourable 29 days. The vacancy rate for all dwelling types is a sanguine 2.14%, falling within a range that suggests stability and neutral demand. Finally, the buy search index for houses is a neutral 4.

    Overall, Mornington 3931 offers a well-rounded, and largely favourable investment climate, as marked by our Relative Composite Score developed at HtAG Analytics. Watching carefully the changing trends in these metrics, which detail the dynamics of supply and demand among other crucial factors, can guide the astute investor in making profitable decisions in the property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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