3931, Victoria

Real Estate & Property Information

Price Rank

mornington Suburb Profile & Review

Mornington is famous for its relaxed village atmosphere. It is a popular tourist day-trip, not only with interstate and international visitors but also with Melbournians.
In fact Melbourne's affluent are known to purchase summer homes in the area, as it is considerably cheaper than Portsea but has many of the same benefits.

The Mornington Peninsula is celebrated for its food and wine culture, and as such there are some fantastic places to dine around the Mornington area. High-quality cafes are found in abundance around town, as are boutique stores and restaurants. The Mornington Country Golf Club has an 18-hole course popular with the locals.

The town is well serviced by buses from Melbourne. However, the closest railway station is Frankston, which is 14km away. There are three primary schools and two secondary schools. The Peninsula School is a highly reputable school located in Mount Eliza, ten minutes away.

mornington Demographic Data

$ 520,000 Median House Price

57 Minutes Average Commute

43 Median Age

22,421 Population

53.46 % Female

46.54 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in mornington, Victoria.

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mornington Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

mornington Median House Prices

  • 2008 $ 370,000
  • 2009 $ 410,000
  • 2010 $ 427,500
  • 2011 $ 515,500
  • 2012 $ 520,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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mornington 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in mornington have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term mornington property price predictions.

mornington Market Property Types

  • 71 % Seperate House
  • 19 % Semi Detached
  • 9 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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mornington Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

mornington Income & Mortgage Stats

  • $ 1,025 Median Weekly Household Income
  • $ 1,738 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in mornington

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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mornington Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

mornington Sold Property Prices

mornington Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

mornington Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

mornington Restaurants

  • Woodman Estate136 Graydens Roadmornington VIC 393103 5978 8455
  • Uthong Thai6/216 Main Streetmornington VIC 393103 5975 0338
  • The Rocks1 Schnapper Point Drivemornington VIC 393103 5973 5599

mornington Cafes

  • Schnappers Cafe1 Schnapper Point Drivemornington VIC 393103 5975 6332

mornington Schools

  • Padua CollegeOakbank Roadmornington VIC 3931(03) 5976 0100Catholic Secondary School
  • St. Macartans Primary School97 Bungower Roadmornington VIC 3931(03) 5973 4550Catholic Primary School
  • Kankama ATSS311 Racecourse Roadmornington VIC 3931(03) 5975 2800Specialist School

mornington Childcare

  • Beach Babies Child Care18-20 Fleet Streetmornington VIC 3931
  • Clever Little Monkeys CC5 Killingholme Drmornington VIC 3931
  • David Collings CentreDunns Roadmornington VIC 3931

mornington Kindergarten and Preschools

  • Beleura Hill Preschool32 Amelia Avenuemornington VIC 3931
  • Biala Special Education CentreElizabeth Streetmornington VIC 3931
  • Leslie Moorhead Preschool CtrCromwell Stmornington VIC 3931

mornington Sporting Centres and Clubs

  • Mornington Yacht Clubmornington VIC 3931Boating Club
  • Morningtonmornington VIC 3931Golf Driving Ranges
  • Mornington Civic & Socialmornington VIC 3931Bowling Club

mornington Retirement Villages

  • Morven Manormornington VIC 3931
  • Peninsula Grangemornington VIC 3931
  • The Morningtonmornington VIC 3931

mornington Vets

  • Mornington Horse Hospitalmornington VIC 3931

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