Mornington, VIC 3931
Compare Part of Mornington Peninsula
45.56 km
Distance from Melbourne 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 | |
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 |