Mornington, VIC 3931
Compare Part of Mornington Peninsula
45.56 km
Distance from Melbourne CBD
18 k
Population
Median Sale Price
House
$900K
Updated on Dec 2020
2 BR $599K | 3 BR $821K | 4 BR $1.02M |
Unit
$619K
Updated on Dec 2020
1 BR $450K | 2 BR $556K | 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 | $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 | $810,100 | +3.1% | $110,000 | $3,950,000 | 360 |
| 2019 | $790,000 | -2.5% | $200,000 | $2,700,000 | 383 |
| 2020 | $867,000 | +8.9% | $452,000 | $3,400,000 | 359 |
| 2021 | $1,030,000 | +15.8% | $620,000 | $1,840,000 | 17 |
Median Sale Price
$880K
Based on 355 recorded sales within the last 12 months
Updated on 25 Jan 2021
Suburb Growth
+9.1%
Current Median Price: $880,000
Previous Median Price: $800,000
Based on 736 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$498
Updated on Dec 2020
2 BR $400 | 3 BR $455 | 4 BR $565 |
Unit
$440
Updated on Dec 2020
1 BR $310 | 2 BR $380 | 3 BR $500 | 4 BR $695 |
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 | 361 |
| 2018 | $480 | +6.3% | $240 | $2,080 | 241 |
| 2019 | $490 | +2.0% | $300 | $1,868 | 358 |
| 2020 | $500 | +2.0% | $310 | $1,600 | 251 |
| 2021 | - | - | - | - | - |
Median Rent Price
$500
per week
Based on 240 recorded rent within the last 12 months
Updated on 25 Jan 2021
Rent Price Growth
+1.0%
Current Median Rent: $500
Previous Median Rent: $495
Based on 589 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $880,000
Current Median rent: $500
Based on 595 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Mornington
Houses sold in Last 12 months ends 23 Jan 2021
$870K
Median Sale Price
98%
Clearance Rate
101/104
Sold/Reported
$3.4M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 2 | |
| $1.6 M - $1.8 M | 4 | |
| $1.4 M - $1.6 M | 6 | |
| $1.2 M - $1.4 M | 13 | |
| $1 M - $1.2 M | 6 | |
| $800 K - $1 M (Median Price Range) | 18 | |
| $600 K - $800 K | 27 | |
| $400 K - $600 K | 11 | |
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 |