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.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $1.25M | $703K |
Change in value Past 12 months | 6.8% | 3.6% |
Sold Past 3 months | 24 | 21 |
Median days on market Past 12 months | 50 | 32 |
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
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.

