Get a property report and suburb profile for any property in Mordialloc

Mordialloc has a relaxed bayside, village feel centred on its foreshore, pier and the mouth of Mordialloc Creek. The shopping strip around Main Street contains a mix of cafes, bakeries and small shops that serve a walkable local community, while the foreshore reserve and creek paths attract people who enjoy walking, cycling and boating. Housing ranges from weatherboard and Californian bungalow cottages to low-rise apartments nearer the water, so there is a variety of home types.

There are 8,886 people living in Mordialloc with a median age of 40, and households are dominated by couple families with children, which make up 49.5% of families; together with couple families without children they account for 83.4% of families. About seven in ten homes are owner-occupied while 30.2% are rented. Convenient rail and road links are in place, recent transport works have removed level crossings and delivered a new elevated station, and local planning is under way for station-precinct renewal and a future aquatic centre. That combination of bayside amenities, a family-weighted community and improving transport connections is the practical picture of life in Mordialloc; whether it suits you depends on what you are after in a suburb.

Housing in Mordialloc sits above what a typical local household earned at the last Census, particularly for buyers. A median house price of $1,150,000 is about 10.9 times a typical local year's household income at the last Census (1,150,000 / ($2,037 × 52) ? 10.9), while a median unit price of $642,500 is about 6.1 times annual household income (642,500 / ($2,037 × 52) ? 6.1). On the rental side, a house rent of $795 a week would take about 39.0% of a typical local household's weekly income at the last Census (795 / 2,037 ? 0.390), and a unit rent of $550 a week would take about 27.0% (550 / 2,037 ? 0.270). Buying looks more stretched against local incomes, while renting shows a sizeable share for houses and a moderate share for units; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

If you're weighing Mordialloc as an investment, the recent figures paint a mixed picture for houses and units. House values rose 4.2% over the past year, a modest increase, while house rents climbed 6.0%, a solid rise, so the rent a house earns grew faster than its capital value. By contrast, unit values fell 1.2%, a slight decline, while unit rents rose 4.8%, a modest increase. Which of these patterns matters most will depend on whether you prioritise rental income or capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.