Mornington, VIC 3931

Mornington, VIC 3931

Compare Part of Mornington Peninsula

45.56 km
Distance from CBD
18 k
Population

Auction Times

Sat 19 Oct
Auction Time Agency
749a Esplanade
3 3 2 House
12:30 PM
Sat 19th Oct
Bowman & Company
Median Sale Price
House
$763K
Updated on Aug 2019
2 BR
$590K
3 BR
$705K
4 BR
$915K
Unit
$618K
Updated on Aug 2019
1 BR
$550K
2 BR
$517K
3 BR
$725K
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
$512,000
+15.0% $230,000 $3,150,000 456
2011
$520,000
+1.5% $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
$785,000
+11.5% $110,000 $6,500,000 426
2018
$810,000
+3.1% $110,000 $3,950,000 360
2019
$760,000
-6.6% $200,000 $2,020,000 273
Median Sale Price
$765K
Based on 333 recorded sales within the last 12 months
Updated on 19 Oct 2019
Suburb Growth
-7.5%
Current Median Price: $765,000
Previous Median Price: $822,500
Based on 722 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Sep 2019)
Price Range Segments (12 months ending Sep 2019)
Median Weekly Rent Price
House
$400
Updated on Sep 2019
2 BR
$350
3 BR
$400
4 BR
$495
Unit
$380
Updated on Sep 2019
1 BR
$140
2 BR
$350
3 BR
$460
4 BR
$635
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
$445
+5.6% $250 $1,400 400
2017
$450
+1.1% $250 $1,660 359
2018
$480
+6.3% $240 $2,080 241
2019
$490
+2.0% $300 $1,385 259
Median Rent Price
$490
per week
Based on 292 recorded rent within the last 12 months
Updated on 19 Oct 2019
Rent Price Growth
+5.1%
Current Median Rent: $490
Previous Median Rent: $465
Based on 574 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $765,000
Current Median rent: $490
Based on 625 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Sep 2019)

Auction Results For Mornington

Houses sold in Last 12 months ends 12 Oct 2019

$740K

Median Sale Price

79%

Clearance Rate

119/151

Sold/Reported

$2.38M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 2
$1.8 M - $2 M 1
$1.6 M - $1.8 M 1
$1.4 M - $1.6 M 4
$1.2 M - $1.4 M 4
$1 M - $1.2 M 8
$800 K - $1 M 14
$600 K - $800 K
(Median Price Range)
27
$400 K - $600 K 24
less than $400 K 1

Schools closest to Mornington, VIC 3931

School name Address Type Sector Distance
Mornington Primary School VALE STREETMornington 3931 Primary Government 0.53 km