Mount Martha, VIC 3934
Compare Part of Mornington Peninsula
50.57 km
Distance from Melbourne CBD
12 k
Population
Auction Times
Sat 9 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 3 Burston Court 3 2 3 House | 2:30 PM Sat 9th Jul | NicholasLynch |
Median Sale Price
House
$1.7M
Updated on May 2022
2 BR $1.1M | 3 BR $1.36M | 4 BR $1.86M |
Unit
$835K
Updated on May 2022
1 BR - | 2 BR $750K | 3 BR $873K |
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 | $601,000 | +10.1% | $395 | $3,500,000 | 429 |
| 2011 | $618,000 | +2.8% | $235,000 | $3,399,000 | 382 |
| 2012 | $600,000 | -3.0% | $100,000 | $5,450,000 | 374 |
| 2013 | $619,000 | +3.1% | $65,000 | $5,250,000 | 481 |
| 2014 | $670,000 | +7.6% | $35,000 | $2,410,000 | 450 |
| 2015 | $760,000 | +11.8% | $147,500 | $2,900,000 | 352 |
| 2016 | $852,000 | +10.8% | $129,000 | $4,962,500 | 364 |
| 2017 | $955,000 | +10.8% | $215,000 | $3,070,000 | 343 |
| 2018 | $1,030,000 | +7.3% | $505,000 | $5,630,000 | 325 |
| 2019 | $955,000 | -7.9% | $310,000 | $4,750,000 | 333 |
| 2020 | $1,125,000 | +15.1% | $105,000 | $6,550,000 | 340 |
| 2021 | $1,530,000 | +26.5% | $200,000 | $5,910,000 | 368 |
| 2022 | $1,650,000 | +7.3% | $310,000 | $7,600,000 | 151 |
Median Sale Price
$1.64M
Based on 315 recorded sales within the last 12 months
Updated on 27 Jun 2022
Suburb Growth
+18.4%
Current Median Price: $1,640,000
Previous Median Price: $1,337,500
Based on 711 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$700
Updated on May 2022
2 BR $450 | 3 BR $600 | 4 BR $890 |
Unit
$590
Updated on May 2022
2 BR $478 | 3 BR $595 | 4 BR $650 |
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 | $500 | +7.0% | $300 | $1,350 | 259 |
| 2017 | $500 | 0.0% | $290 | $2,400 | 187 |
| 2018 | $550 | +9.1% | $290 | $1,550 | 196 |
| 2019 | $550 | 0.0% | $300 | $2,200 | 222 |
| 2020 | $575 | +4.3% | $360 | $2,250 | 171 |
| 2021 | $680 | +15.4% | $430 | $1,800 | 151 |
| 2022 | $750 | +9.3% | $460 | $1,400 | 81 |
Median Rent Price
$750
per week
Based on 157 recorded rent within the last 12 months
Updated on 27 Jun 2022
Rent Price Growth
+17.3%
Current Median Rent: $750
Previous Median Rent: $620
Based on 297 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.4%
Current Median Price: $1,640,000
Current Median rent: $750
Based on 472 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For Mount Martha
Houses sold in Last 12 months ends 25 Jun 2022
$1.6M
Median Sale Price
100%
Clearance Rate
228/230
Sold/Reported
$7.6M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 25 | |
| $2 M - $3 M | 37 | |
| $1.8 M - $2 M | 26 | |
| $1.6 M - $1.8 M (Median Price Range) | 26 | |
| $1.4 M - $1.6 M | 28 | |
| $1.2 M - $1.4 M | 29 | |
| $1 M - $1.2 M | 26 | |
| $800 K - $1 M | 19 | |
| $600 K - $800 K | 6 | |
| less than $400 K | 5 | |
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 |