Mornington, VIC 3931
Compare Part of Mornington Peninsula
45.56 km
Distance from Melbourne CBD
18 k
Population
Auction Times
Sat 22 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 12 Fitzgerald Street 4 1 3 House | 1:00 PM Sat 22nd Feb | Community Real Estate |
 | 1076 Nepean Highway 3 1 4 House | 1:30 PM Sat 22nd Feb | O'Brien Real Estate |
 | 49 Carramar Street 0 0 0 Residential land | 4:30 PM Sat 22nd Feb | NicholasLynch |
Sat 29 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 11 Channel Street 3 2 2 House | 11:00 AM Sat 29th Feb | McEwing Partners |
 | 167 Barkly Street 3 2 2 House | 12:30 PM Sat 29th Feb | Hocking Stuart |
 | 12 Samuel Way 4 2 2 House | 1:30 PM Sat 29th Feb | NicholasLynch |
Median Sale Price
House
$818K
Updated on Jan 2020
2 BR $590K | 3 BR $773K | 4 BR $930K |
Unit
$650K
Updated on Jan 2020
1 BR $550K | 2 BR $513K | 3 BR $743K |
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 | $856,000 | +7.7% | $490,000 | $1,937,500 | 41 |
Median Sale Price
$810K
Based on 375 recorded sales within the last 12 months
Updated on 22 Feb 2020
Suburb Growth
+0.9%
Current Median Price: $810,000
Previous Median Price: $803,000
Based on 729 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$410
Updated on Jan 2020
2 BR $340 | 3 BR $410 | 4 BR $495 |
Unit
$390
Updated on Jan 2020
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 | 361 |
| 2018 | $480 | +6.3% | $240 | $2,080 | 241 |
| 2019 | $490 | +2.0% | $300 | $1,868 | 355 |
| 2020 | $510 | +3.9% | $330 | $800 | 8 |
Median Rent Price
$495
per week
Based on 320 recorded rent within the last 12 months
Updated on 22 Feb 2020
Rent Price Growth
+3.0%
Current Median Rent: $495
Previous Median Rent: $480
Based on 572 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.2%
Current Median Price: $810,000
Current Median rent: $495
Based on 695 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For Mornington
Houses sold in Last 12 months ends 15 Feb 2020
$740K
Median Sale Price
84%
Clearance Rate
126/150
Sold/Reported
$2.02M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $1.8 M - $2 M | 1 | |
| $1.4 M - $1.6 M | 5 | |
| $1.2 M - $1.4 M | 4 | |
| $1 M - $1.2 M | 10 | |
| $800 K - $1 M | 14 | |
| $600 K - $800 K (Median Price Range) | 29 | |
| $400 K - $600 K | 23 | |
| 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 |