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Mordialloc, VIC 3195

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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 Mordialloc, VIC 3195 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Mordialloc, VIC 3195”

  1. The total adult population (15 years or older) of Mordialloc 3195 VIC is 7,247, with a median age of 40. Of those, 44.90% are married, 13.62% are divorced or separated, 36.22% are single and 5.27% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $11,112. The median monthly mortgage repayment for households in this suburb is $2,167 which is 19.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, the bustling suburb of Mordialloc, postcode 3195, is home to approximately 5,090 households. Coming into Q3 2023, property market statistics reveal that the typical house price in Mordialloc is estimated at a hefty $1,288,240. These houses are attracting a median weekly rent of $661, generating an indicative yield of 2.67%, which narrowly falls short of the 3% mark attractive to cashflow-focused investors.

    In terms of socio-economic status, the suburb charts an impressive IRSAD score of 1,072 out of a possible 1,217. This high score signifies a population with good access to economic resources, generally higher income levels and occupation in skilled professions.

    The renter to owner ratio stands at a balanced 30%, suggesting a property market that is less risky and not oversaturated with rental properties. Encouragingly, the units to houses ratio is just below the favourable threshold at 49%, indicating a slight preference towards houses over units. This characteristic is typically appealing for families and can lead to longer tenancy periods while reducing competition among landlords for tenants.

    However, the larger picture regarding affordability may not be as rosy. The affordability index for Mordialloc pours into a concerning 45 years, which is significantly above the typical standard 30-year mortgage duration. This signals that owning a home here can be out of reach for many residents in the area.

    In contrast, supply indicators paint a more favourable image for potential investors in the suburb, with the stock on market Percentage for houses at a low 0.36% and inventory level kept at a steady 1.16 months. The building approvals Ratio for new houses is also within the favourable range sitting at 1.94%.

    On the Demand side, Houses in Mordialloc don’t linger on the property portfolios for too long, with the average days on market metric standing at only 24. The suburb’s Vacancy Rate, accounting for both houses and units, is 1.66% – indicating a high demand. However, the buy search index for houses tells a different story, with a value of 3 reflecting limited demand.

    Analysing these current market trends, despite a few metrics beyond the favourable range, Mordialloc presents a fairly balanced property market picture overall for potential investors. It’s essential to keep an eye on market changes and utilise tools like HtAG Analytics’ RCS which holistically captures the market dynamics using over 80 metrics for a more nuanced understanding.

    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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