Mornington, VIC 3931
Compare Part of Mornington Peninsula
45.56 km
Distance from Melbourne CBD
18 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $435,000 | 0.0% | $152,000 | $4,000,000 | 363 |
| 2010 | $515,000 | +15.5% | $230,000 | $3,150,000 | 456 |
| 2011 | $520,000 | +1.0% | $95,000 | $8,050,000 | 419 |
| 2012 | $504,000 | -3.2% | $220,000 | $4,800,000 | 378 |
| 2013 | $515,000 | +2.1% | $137,000 | $2,250,000 | 568 |
| 2014 | $550,000 | +6.4% | $105,000 | $2,135,000 | 516 |
| 2015 | $627,500 | +12.4% | $230,000 | $2,650,000 | 459 |
| 2016 | $695,000 | +9.7% | $105,000 | $4,050,000 | 431 |
| 2017 | $798,000 | +12.9% | $110,000 | $6,500,000 | 426 |
| 2018 | $812,000 | +1.7% | $110,000 | $3,950,000 | 360 |
| 2019 | $800,000 | -1.5% | $200,000 | $3,300,000 | 389 |
| 2020 | $895,000 | +10.6% | $210,000 | $5,500,000 | 378 |
| 2021 | $1,100,000 | +18.6% | $470,000 | $13,500,000 | 532 |
| 2022 | $1,180,000 | +6.8% | $170,000 | $6,050,000 | 392 |
| 2023 | $1,102,000 | -7.1% | $180,000 | $7,250,000 | 342 |
| 2024 | $1,100,000 | -0.2% | $470,000 | $3,900,000 | 337 |
Median Sale Price
$1.1M
Based on 342 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-0.1%
Current Median Price: $1,100,000
Previous Median Price: $1,101,000
Based on 683 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $385 | 0.0% | $230 | $1,800 | 229 |
| 2012 | $380 | -1.3% | $225 | $2,000 | 335 |
| 2013 | $395 | +3.8% | $220 | $1,560 | 360 |
| 2014 | $420 | +6.0% | $265 | $1,500 | 302 |
| 2015 | $420 | 0.0% | $235 | $1,400 | 400 |
| 2016 | $450 | +6.7% | $250 | $1,400 | 400 |
| 2017 | $450 | 0.0% | $250 | $1,660 | 361 |
| 2018 | $480 | +6.3% | $240 | $2,080 | 242 |
| 2019 | $490 | +2.0% | $300 | $1,868 | 361 |
| 2020 | $500 | +2.0% | $310 | $1,600 | 256 |
| 2021 | $570 | +12.3% | $330 | $1,800 | 247 |
| 2022 | $600 | +5.0% | $360 | $1,800 | 303 |
| 2023 | $650 | +7.7% | $350 | $2,100 | 294 |
| 2024 | $700 | +7.1% | $450 | $1,850 | 217 |
Median Rent Price
$700
per week
Based on 218 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+7.1%
Current Median Rent: $700
Previous Median Rent: $650
Based on 514 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $1,100,000
Current Median rent: $700
Based on 560 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Mornington
Houses sold in Last 12 months ends 21 Dec 2024
$1.19M
Median Sale Price
83%
Clearance Rate
28/34
Sold/Reported
$2.7M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $1.8 M - $2 M | 1 | |
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M | 3 | |
| $1 M - $1.2 M (Median Price Range) | 4 | |
| $600 K - $800 K | 6 | |
Similar Suburbs to Mornington 3931
Based on median house sale price sold in last 12 months
Schools closest to Mornington, VIC 3931
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Mornington Primary School | VALE STREETMornington 3931 | Primary | Government | 0.53 km |