Mordialloc suburb profile
Mordialloc is a picturesque coastal suburb located in Melbourne's southeast, renowned for its stunning beaches and vibrant community atmosphere. Situated approximately 24km from the CBD, Mordialloc offers a relaxed seaside lifestyle with a mix of modern amenities and natural beauty. The suburb is famous for its bustling main street, featuring an array of cafes, restaurants, and boutique shops, as well as the iconic Mordialloc Pier. With excellent transport links, including a train station, and a range of recreational facilities, Mordialloc is a popular choice for families, professionals, and retirees seeking a balanced and scenic living environment.
Mordialloc property market performance
Current median dwelling price$915,750Past 3 months
Property growth+2.0%Past 12 months
Mordialloc’s property market has remained stable over the past year, with house values increasing slightly by 0.4% and unit values holding steady. The median house price is now $1.2 million, while units average $657,500. Sales activity has seen 27 houses and 13 units sold recently, with units moving more quickly at a median of 30 days on market compared to 43 days for houses.
The rental market has experienced modest growth, with average rents for houses at $760 and units at $550 over the last 12 months. Rent for houses increased by 2.7%, while units saw a more notable rise of 5.8%, indicating a higher demand for rental units in the area.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $1.20M | $658K |
Change in value Past 12 months | 0.4% | -0.8% |
Sold Past 3 months | 27 | 13 |
Median days on market Past 12 months | 43 | 30 |
Average rent Past 12 months | $760 | $550 |
Change in rent Past 12 months | 2.7% | 5.8% |
5 year median price trend for houses and units
Mordialloc demographics
Mordialloc, a charming suburb located in Melbourne's southeast, is known for its beautiful beaches, vibrant community, and relaxed lifestyle. With a population of 8,886 and a median age of 40, Mordialloc attracts a mix of families, professionals, and retirees who appreciate its coastal charm and convenient access to the city. The suburb's median total household income of $2,037 per week reflects a comfortable standard of living, appealing to those seeking a balanced lifestyle.
Family life is a significant aspect of Mordialloc, with nearly half of the families being couple families with children, highlighting its appeal to those raising children. Additionally, 33.9% of families are couples without children, indicating a diverse community that caters to various life stages. The presence of one-parent families, making up 15.5% of the population, further underscores the suburb's inclusive nature.
In terms of housing, Mordialloc offers a mix of ownership and rental opportunities. A significant portion of properties, 28.3%, are owned outright, while 41.5% are owned with a mortgage, reflecting a stable housing market with opportunities for new buyers. The rental market, comprising 30.2% of properties, provides flexibility for those not ready to commit to homeownership. Mordialloc's blend of coastal beauty, family-friendly amenities, and diverse housing options make it a desirable location for a wide range of residents.
Mordialloc infrastructure, key developments and investment opportunities
Mordialloc continues to be shaped by recent public space improvements, with upgrades to the foreshore, expanded recreational paths, and enhanced amenities along the creek precinct supporting its ongoing appeal. The suburb maintains strong public transport connectivity via its centrally located train station on the Frankston line, providing direct access to Melbourne’s CBD and other employment hubs, which underpins demand with buyers seeking convenience and lifestyle.
Ongoing council attention to main street retail and hospitality, as well as improvements to walkability and bike infrastructure, contribute to sustained growth in desirability. No major new education or hospital projects have been announced recently, but established school catchments and proximity to parks remain attractive for families. There are currently no significant infrastructure or redevelopment projects pending that are likely to materially alter market dynamics in the near future.
Mordialloc rental market trends
The rental market in Mordialloc is experiencing moderate growth, with house rents increasing 2.7% over the past year to $760 per week, while unit rents have seen a 5.8% rise to $550 per week. With its desirable coastal location and steady demand, Mordialloc continues to be an attractive option for renters seeking lifestyle and convenience.
Suburbs near Mordialloc
Some popular suburbs near Mordialloc include:
How does Mordialloc compare to nearby suburbs?
- Median house prices: Mordialloc’s median house price is 38.5% lower than Beaumaris’s.
- Median unit prices: Mordialloc’s median unit price is 4.1% higher than Cheltenham’s.
- House price growth: Over the past 12 months, house prices in Mordialloc have grown 3.7% higher than in Beaumaris.
- Unit price growth: Over the past 12 months, unit prices in Mordialloc have grown 6.5% higher than in Beaumaris.
- Selling speed for houses: Properties in Mordialloc are selling 25.9% faster than in Beaumaris.
- Selling speed for units: Properties in Mordialloc are selling 25.6% faster than in Beaumaris.
- Investment considerations: In Mordialloc, the rental yield for house is 21.1% higher than the Melbourne average, while the rental yield for units is 5.7% lower.
- House price growth: Over the past 12 months, house prices in Mordialloc have grown 17.2% higher than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Mordialloc have grown 11.0% higher than the average rate of growth for units across Melbourne.

