Mount Martha, VIC 3934
Compare Part of Mornington Peninsula
50.57 km
Distance from Melbourne CBD
12 k
Population
Median Sale Price
House
$1M
Updated on Mar 2020
2 BR $770K | 3 BR $920K | 4 BR $1.07M |
Unit
$655K
Updated on Mar 2020
1 BR - | 2 BR $533K | 3 BR $687K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $540,000 | 0.0% | $300,000 | $2,200,000 | 322 |
| 2010 | $600,000 | +10.0% | $395 | $3,500,000 | 429 |
| 2011 | $618,000 | +2.9% | $235,000 | $3,399,000 | 382 |
| 2012 | $600,000 | -3.0% | $100,000 | $5,450,000 | 374 |
| 2013 | $617,500 | +2.8% | $65,000 | $5,250,000 | 481 |
| 2014 | $670,000 | +7.8% | $35,000 | $2,410,000 | 450 |
| 2015 | $760,000 | +11.8% | $147,500 | $2,900,000 | 352 |
| 2016 | $855,000 | +11.1% | $129,000 | $4,962,500 | 364 |
| 2017 | $955,000 | +10.5% | $215,000 | $3,070,000 | 343 |
| 2018 | $1,020,000 | +6.4% | $505,000 | $4,220,000 | 321 |
| 2019 | $940,000 | -8.5% | $310,000 | $4,400,000 | 331 |
| 2020 | $1,042,500 | +9.8% | $175,000 | $3,125,000 | 106 |
Median Sale Price
$1.01M
Based on 303 recorded sales within the last 12 months
Updated on 28 May 2020
Suburb Growth
+8.0%
Current Median Price: $1,005,000
Previous Median Price: $925,000
Based on 597 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2020)
Price Range Segments (12 months ending Apr 2020)
Median Weekly Rent Price
House
$550
Updated on Apr 2020
2 BR $550 | 3 BR $490 | 4 BR $628 |
Unit
$450
Updated on Apr 2020
2 BR $400 | 3 BR $460 | 4 BR $550 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $430 | 0.0% | $250 | $1,600 | 162 |
| 2012 | $430 | 0.0% | $250 | $2,500 | 193 |
| 2013 | $440 | +2.3% | $270 | $2,500 | 239 |
| 2014 | $460 | +4.3% | $270 | $3,500 | 226 |
| 2015 | $465 | +1.1% | $280 | $3,150 | 241 |
| 2016 | $495 | +6.1% | $300 | $1,350 | 259 |
| 2017 | $500 | +1.0% | $290 | $2,400 | 187 |
| 2018 | $550 | +9.1% | $290 | $1,550 | 196 |
| 2019 | $550 | 0.0% | $300 | $2,200 | 221 |
| 2020 | $570 | +3.5% | $365 | $2,250 | 77 |
Median Rent Price
$550
per week
Based on 199 recorded rent within the last 12 months
Updated on 28 May 2020
Rent Price Growth
0.0%
Current Median Rent: $550
Previous Median Rent: $550
Based on 418 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,005,000
Current Median rent: $550
Based on 502 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2020)
Auction Results For Mount Martha
Houses sold in Last 12 months ends 23 May 2020
$1.08M
Median Sale Price
92%
Clearance Rate
100/109
Sold/Reported
$4.4M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 3 | |
| $2 M - $3 M | 6 | |
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 8 | |
| $1.2 M - $1.4 M | 12 | |
| $1 M - $1.2 M (Median Price Range) | 14 | |
| $800 K - $1 M | 18 | |
| $600 K - $800 K | 12 | |
Similar Suburbs to Mount Martha 3934
Based on median house sale price sold in last 12 months
Schools closest to Mount Martha, VIC 3934
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Mount Martha Primary School | 37 - 55 GLENISLA DRIVEMount Martha 3934 | Primary | Government | 0.89 km |
| Balcombe Grammar School | 389 NEPEAN HIGHWAYMount Martha 3934 | Combined | Independent | 1.81 km |