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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Mornington, the median property price for a house is currently 270,000 with annual capital growth of 0.00 . There were 19 house sales in the past 12 months. On average, houses spend 86 days on market.
If you're thinking about buying an investment property in Mornington, consider that rental yields for houses are currently 10.52 with an average median rent of 420 weekly. Houses have seen 21.35 growth in the past quarter, and 0.00 growth in the past 12 months.
The size of Mornington is approximately 1 square kilometres. It has 2 parks covering nearly 9.8% of total area. The population of Mornington in 2011 was 1,918 people. By 2016 the population was 1,754 showing a population decline of 8.6% in the area during that time. The predominant age group in Mornington is 20-29 years.
Households in Mornington are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 40.4% of the homes in Mornington were owner-occupied compared with 38.5% in 2016.
There were 5 unit sales in the past 12 months.
If you're thinking about buying an investment property in Mornington, consider that rental yields for units are currently 7.03 with an average median rent of 280 weekly.
The size of Mornington is approximately 1 square kilometres. It has 2 parks covering nearly 9.8% of total area. The population of Mornington in 2011 was 1,918 people. By 2016 the population was 1,754 showing a population decline of 8.6% in the area during that time. The predominant age group in Mornington is 20-29 years.
Households in Mornington are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 40.4% of the homes in Mornington were owner-occupied compared with 38.5% in 2016.
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| Key Market Data | House | Unit |
| Median price | 270,000 | 350,000 |
| Quarterly growth | +21.35 | -0.99 |
| 12-month growth | 0.00 | – |
| Average annual growth | -0.72 | – |
| Weekly median rent | 420 | 280 |
| Gross rental yield | 10.52 | 7.03 |
| Number of Sales (12m) | 19 | 5 |
| Avg. Days on Market (12m) | 86 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 1,918 | 1,754 |
| Population change (5y) | +10.74 | -8.60 |
| Median household income (p/w) | 1,883 | 1,898 |
| Household income change (5y) | +43.96 | +0.80 |
| Median age of persons | 31 | 32 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Mornington was 1,754 in 2016, a -8.60 change compared to 2011.
The predominant age group in Mornington is 20-29 years.
The population of Mornington was 1,754 in 2016, a -8.60 change compared to 2011.
The predominant age group in Mornington is 20-29 years.
Most of the population in Mornington were born in Australia.
Most of the population in Mornington were born in Australia.
Most of the population in Mornington report their religion as No Religion.
Most of the population in Mornington report their religion as Catholic.
Most of the population in Mornington report their income range as between 78,000 and 130,000 .
The median household income in Mornington was 1,898 in 2016, a +0.80 change compared to 2011.
Most of the population in Mornington report their income range as between 78,000 and 130,000 .
The median household income in Mornington was 1,883 in 2011, a +43.96 change compared to 2006.
Most of the population in Mornington work as Professional.
Most of the population in Mornington work as Trades.
The chart below demonstrates the various levels of education in Mornington.
The chart below demonstrates the various levels of education in Mornington.
Most of the population in Mornington reached a qualification level of Certificate.
Most of the population in Mornington reached a qualification level of Certificate.
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