mount martha

3934, Victoria

Real Estate & Property Information

Median
Price Rank
175

mount martha Suburb Profile & Review

Situated just south of Mornington and an hour from Melbourne, Mount Martha is a small town with a quiet atmosphere and some beautiful natural scenery. Residents spend lazy afternoons strolling Balcombe Estuary and boardwalk and picnicking at Ferrero Reserve. Sunshine Reserve, which follows Sunshine Creek from the Esplanade, teems with native animals such as possums, sugar gliders and koalas.

The Mount Martha Municipal Golf Course offers residents a place to relax and work on their swing. A local attraction is The Briars Park, a historic property that houses a divine French restaurant, Josephine's, as well as a vineyard and a wildlife reserve. The town's commercial centre can be found along Lochiel Avenue, parallel to the Esplanade. cafes here provide stunning views over Port Phillip Bay. Those worried about the lack of nightlife or retail stores need not worry, as Mornington has a large shopping centre and commercial district just ten minutes away. Mount Martha's modest collection of shops allows residents to enjoy a level of solitude, because it makes the town more of a residential area than a tourist destination.

Balcombe Grammar School, which was only established in 2007, is a prep to year 12 school with an aim to provide more affordable private education for Peninsula residents. Mount Martha is also home to two primary schools: Osborne Primary and Mount Martha Primary.

mount martha Demographic Data

$ 595,000 Median House Price

62 Minutes Average Commute

41 Median Age

17,087 Population

51.86 % Female

48.14 % Male

4645 NO OF FAMILIES

2.0 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

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 mount martha, Victoria.

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mount martha 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.

mount martha Median House Prices

  • 2008 $ 445,000
  • 2009 $ 484,000
  • 2010 $ 511,050
  • 2011 $ 570,000
  • 2012 $ 595,000

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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mount martha 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 mount martha 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 mount martha property price predictions.

mount martha Market Property Types

  • 90 % Seperate House
  • 8 % Semi Detached
  • 2 % Flat or Unit
  • 0 % 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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mount martha 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.

mount martha Income & Mortgage Stats

  • $ 1,415 Median Weekly Household Income
  • $ 1,950 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 mount martha

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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mount martha 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.

mount martha Sold Property Prices

mount martha 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.

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mount martha Restaurants

  • Wok on Bay2 Watson Roadmount martha VIC 393403 5974 1999
  • Southbeach Cafe464 Esplanademount martha VIC 393403 5974 4443
  • Smokehouse42 Lochiel Avemount martha VIC 393403 5974 3888

mount martha Cafes

  • Southbeach Cafe464 Esplanademount martha VIC 393403 5974 4443
  • Via Battisti26 Lochiel Avenue mount martha VIC 393403 5974 4999
  • Cafe Providore3 Bay Roadmount martha VIC 393403 5974 8899

mount martha Schools

  • Balcombe Grammar389 Nepean HighwayÊmount martha VIC 3934(03) 5970 1100Private School
  • Mount Martha Primary SchoolGlenisla Drivemount martha VIC 3934(03) 5974 2800State Primary School
  • Osborne Primary School120 Craigie Roadmount martha VIC 3934(03) 5975 1792State Primary School

mount martha Childcare

  • ABC Learning Centre90 Craigie Roadmount martha VIC 3934
  • Pelican Child Care Centre682 Nepean Hwymount martha VIC 3934

mount martha Kindergarten and Preschools

  • Balcombe PreschoolGreenfield Waymount martha VIC 3934
  • Mount Martha Comm ContactDominion Rdmount martha VIC 3934
  • Mount Martha Kindergarten35 Watson Roadmount martha VIC 3934

mount martha Sporting Centres and Clubs

  • Little Athletics Centres, Mornington, Mace Ovalmount martha VIC 3934Athletics Club
  • Mount Martha Yacht Clubmount martha VIC 3934Boating Club
  • Mount Marthamount martha VIC 3934Golf Course

mount martha Retirement Villages

  • Koorootang Courtmount martha VIC 3934
  • Martha's Point Retirement Resortmount martha VIC 3934
  • Mount Martha Retirement Villagemount martha VIC 3934

Find out How Much your House is Worth in mount martha

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