Market snapshot

Suburb insights for Mornington3931

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Mornington is located 47 km south of the CBD. Mornington is one of the larger commercial centres on the Mornington Peninsula to Melbourne's south. This bayside suburb is traditionally a popular retirement area and has a number of aged care facilities. Mornington also has a large number of families living in the area especially in the new residential subdivisions on the eastern side of the Nepean Hwy. The suburb features the Mornington Racecourse and the Mornington Country Golf Club.

Recent sales and auction results in Mornington

AddressBedroomsPriceTypeMethodSale DateAgentListing
4/7-9 Coral Rd, MorningtonPriceUnitPrivate Sale19/06/2024Warlimont & NuttView
6/58-60 Wilsons Rd, Mornington2PriceUnitPassed in Vendor Bid22/06/2024Woodards DromanaView
41 Queen St, Mornington3PriceHouse (Res)Sold Before Auction1/06/2024Jellis Craig

Sales data

Median sale price
$1.2mil
Quarterly price change
-2.5%
Metro Melbourne Comparison
$929k
2%
BedroomsMorningtonMetro comparison
2$902,500$920,000
3$942,500$810,000
4$1,362,500$965,000
InsightMorningtonMetro comparison
Clearance rate85.7%75.3%
Days on market29.540

Rental data

Median weekly rent
$650
Rental yield
2.9%
Metro Melbourne Comparison
$550
3.1%
BedroomsMorningtonMetro comparison
2$550$550
3$605$520
4$760$575
Median data for the current quarter

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