Auction Times
Fri 26 Apr | Auction Time | Agency | |
---|---|---|---|
2A/28 Main Street 3 1 2 Unit | 2:30 PM Fri 26th Apr | O'Brien Real Estate |
Sat 27 Apr | Auction Time | Agency | |
---|---|---|---|
6 Wood Street 3 1 1 House | 11:00 AM Sat 27th Apr | Harcourts |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $1,100,111 | -7.3% | $180,000 | $7,250,000 | 342 |
2024 | $1,135,000 | +3.1% | $562,000 | $2,250,000 | 86 |
Median Sale Price
$1.14M
Based on 328 recorded sales within the last 12 months
Updated on 23 Apr 2024
Suburb Growth
+2.9%
Current Median Price: $1,135,000
Previous Median Price: $1,102,000
Based on 681 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | 293 |
2024 | $675 | +3.7% | $450 | $1,800 | 63 |
Median Rent Price
$650
per week
Based on 276 recorded rent within the last 12 months
Updated on 23 Apr 2024
Rent Price Growth
+7.7%
Current Median Rent: $650
Previous Median Rent: $600
Based on 560 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $1,135,000
Current Median rent: $650
Based on 604 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Mornington
Houses sold in Last 12 months ends 20 Apr 2024
$1.24M
Median Sale Price
93%
Clearance Rate
50/54
Sold/Reported
$2.8M
Highest Sale Price
Sold Price Range | No. of Sold Properties | |
---|---|---|
$2 M - $3 M | 5 | |
$1.8 M - $2 M | 1 | |
$1.4 M - $1.6 M | 9 | |
$1.2 M - $1.4 M (Median Price Range) | 9 | |
$1 M - $1.2 M | 4 | |
$800 K - $1 M | 13 | |
$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 |