Mornington, VIC 3931
Compare Part of Mornington Peninsula
45.56 km
Distance from Melbourne CBD
18 k
Population
Auction Times
Sat 20 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 8 Griggs Court 3 1 4 House | 1:30 PM Sat 20th Jul | O'Brien Real Estate |
 | 25 Maxwell Street 3 2 2 House | 2:30 PM Sat 20th Jul | O'Brien Real Estate |
Sat 27 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 32 MacDonald Grove 4 2 6 House | 1:30 PM Sat 27th Jul | Eview Real Estate Pty Ltd |
Median Sale Price
House
$770K
Updated on May 2019
2 BR $640K | 3 BR $698K | 4 BR $1M |
Unit
$615K
Updated on May 2019
1 BR $550K | 2 BR $527K | 3 BR $745K |
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 | $512,000 | +1.6% | $137,000 | $2,250,000 | 568 |
| 2014 | $550,000 | +6.9% | $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 | $725,000 | -11.7% | $200,000 | $2,020,000 | 174 |
Median Sale Price
$750K
Based on 314 recorded sales within the last 12 months
Updated on 17 Jul 2019
Suburb Growth
-9.3%
Current Median Price: $750,000
Previous Median Price: $820,000
Based on 733 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2019)
Price Range Segments (12 months ending Jun 2019)
Median Weekly Rent Price
House
$400
Updated on Jun 2019
2 BR $350 | 3 BR $395 | 4 BR $500 |
Unit
$375
Updated on Jun 2019
1 BR $275 | 2 BR $340 | 3 BR $460 | 4 BR $630 |
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 | 239 |
| 2019 | $495 | +3.0% | $300 | $1,385 | 175 |
Median Rent Price
$490
per week
Based on 266 recorded rent within the last 12 months
Updated on 17 Jul 2019
Rent Price Growth
+4.1%
Current Median Rent: $490
Previous Median Rent: $470
Based on 559 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.4%
Current Median Price: $750,000
Current Median rent: $490
Based on 580 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2019)
Auction Results For Mornington
Houses sold in Last 12 months ends 13 Jul 2019
$720K
Median Sale Price
77%
Clearance Rate
96/125
Sold/Reported
$3.85M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $2 M - $3 M | 3 | |
| $1.8 M - $2 M | 1 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 5 | |
| $1.2 M - $1.4 M | 6 | |
| $1 M - $1.2 M | 3 | |
| $800 K - $1 M | 10 | |
| $600 K - $800 K (Median Price Range) | 25 | |
| $400 K - $600 K | 24 | |
| less than $400 K | 1 | |
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 |