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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$978,750Past 3 months

Property growth+5.2%Past 12 months

Mordialloc's property market has shown positive growth over the past 12 months, with house values increasing by 6.8% and unit values rising by 3.6%. The median house price has averaged $1.26 million, while units have averaged $702,500, indicating a healthy demand for both property types.

Sales activity has been consistent, with 24 houses and 21 units sold in the past three months. Houses are taking longer to sell, with a median of 50 days on the market, compared to 32 days for units, suggesting a quicker turnover in the unit market.

In the rental market, house rents have seen a modest increase of 1.4%, while unit rents have risen by 5.8%, reflecting a stronger demand for rental units in Mordialloc over the last 12 months.

HousesUnits
Median price
Past 3 months
$1.25M$703K
Change in value
Past 12 months
6.8%3.6%
Sold
Past 3 months
2421
Median days on market
Past 12 months
5032
Average rent
Past 12 months
$750$550
Change in rent
Past 12 months
1.4%5.8%

5 year median price trend for houses and units

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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 has experienced moderate growth, with house rents increasing by 1.4% over the past year to $750 per week, while unit rents have seen a more significant rise of 5.8% to $550 per week. This coastal suburb continues to attract renters and investors with its appealing lifestyle and proximity to Melbourne's CBD.

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 14.0% higher than Chelsea’s.
  • Median unit prices: Mordialloc’s median unit price is 3.3% higher than Cheltenham’s.
  • House price growth: Over the past 12 months, house prices in Mordialloc have grown 7.0% higher than in Beaumaris.
  • Unit price growth: Over the past 12 months, unit prices in Mordialloc have grown 4.9% higher than in Beaumaris.
  • Selling speed for houses: Properties in Mordialloc are selling 9.1% faster than in Beaumaris.
  • Selling speed for units: Properties in Mordialloc are selling 27.3% faster than in Cheltenham.
  • Investment considerations: In Mordialloc, the rental yield for house is 20.6% higher than the Melbourne average, while the rental yield for units is 4.5% lower.
  • House price growth: Over the past 12 months, house prices in Mordialloc have grown 24.2% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Mordialloc have grown 13.2% higher than the average rate of growth for units across Melbourne.

Common questions about Mordialloc

  • Is Mordialloc a nice place to live?

    Mordialloc is a delightful coastal suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. Known for its stunning beaches and vibrant community, this charming suburb provides a perfect blend of natural beauty and modern conveniences. The relaxed seaside atmosphere is complemented by a bustling main street filled with cafes, restaurants, and boutique shops, creating a lively yet laid-back vibe that appeals to a diverse range of residents.

    Families will find Mordialloc particularly appealing due to its family-friendly amenities and strong sense of community. The suburb offers a variety of recreational facilities and parks, providing ample opportunities for outdoor activities and family outings. Safety is generally not a major concern, contributing to the suburb's appeal for those raising children. While Mordialloc may not have the nightlife of inner-city areas, its proximity to the CBD via excellent transport links, including a train station, ensures that residents can easily access the city's amenities and employment opportunities.

    One trade-off of living in Mordialloc is that while it offers a relaxed lifestyle, it may not have the same level of cultural events or entertainment options as more central suburbs. However, the suburb's coastal charm and community spirit more than make up for this, offering a peaceful retreat from the hustle and bustle of city life. Whether you're a family looking for a safe and welcoming environment, a professional seeking a balanced lifestyle, or a retiree wanting to enjoy the beauty of the coast, Mordialloc is a fantastic choice for those seeking a harmonious living experience.

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  • Is it expensive to live in Mordialloc?

    Living in Mordialloc doesn't come with the hefty price tag that some other Melbourne suburbs have. With the median total household income weekly at $2,037, residents here generally earn a bit more than the average wage in Melbourne, which is around $80,000 annually. This suggests that people living in Mordialloc might have a little more financial flexibility compared to other areas.

    While specific data on the current median house and unit prices, as well as average rent costs, isn't available, the higher-than-average income levels hint at a comfortable lifestyle without the extreme housing costs seen in more central or trendy suburbs. If you're considering living in Mordialloc, you might find it a balanced choice in terms of affordability and lifestyle, especially if you value being near the coast without breaking the bank.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Mordialloc a good place to invest?

    Mordialloc presents a unique investment opportunity, especially for those seeking stability in their property portfolio. Over the past year, the suburb has experienced no change in median house and unit values, as well as rental prices. While this might initially seem unremarkable, it actually highlights Mordialloc's resilience in a fluctuating market. The suburb's ability to maintain steady property values and rental income, even when other areas might experience volatility, makes it an attractive option for investors looking for consistency.

    Located along the picturesque coastline, Mordialloc offers a desirable lifestyle with its beautiful beaches, vibrant cafes, and community-focused atmosphere. These features ensure a steady demand from both renters and buyers who are drawn to the suburb's relaxed yet connected vibe. Moreover, Mordialloc's accessibility to Melbourne's CBD via public transport and major roadways adds to its appeal, making it a convenient choice for commuters.

    While Mordialloc may not currently offer rapid capital growth, its stable market conditions and lifestyle appeal make it a solid choice for investors prioritizing long-term security and consistent rental returns. The suburb's charm and strategic location suggest that it will continue to be a sought-after area, providing a reliable foundation for property investment.

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Choose the right real estate agents in Mordialloc

There are 68 real estate agents working in Mordialloc, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 37.4% of all sales in the past year.

Commission rates in Mordialloc typically range from 1.55% to 2.61%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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