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

Mornington is a bayside township on the Mornington Peninsula, centred on a popular foreshore with a pier, marina and sheltered beaches on Port Phillip. Main Street brings a well-established café and boutique retail scene that draws both weekend visitors and locals, while foreshore reserves and coastal walking paths anchor outdoor life. Housing ranges from weatherboard cottages and period homes to renovated beach houses and some low-rise waterfront apartments, so the suburb includes family households, downsizers and people who keep holiday places here.

The community of 25,759 has a median age of 50 and is largely centred on couples, with most homes owner-occupied. Nepean Highway and local bus services make the area well connected to the peninsula’s main centres. Ongoing foreshore and harbour works are guided by a coastal management plan, a community hub and theatre precinct has been identified for upgrade, and the peninsula’s major public hospital in Frankston has been redeveloped and is now open. Whether Mornington suits you will come down to whether coastal living, nearby shops and easy peninsula access match what you want.

Against the typical local household income recorded at the last Census, housing costs in Mornington sit well above what people locally earned then. A median house price of $1,150,000 is about 15.2 times a typical local annual household income at the last Census, and the median unit price of $750,000 is about 9.9 times a local year's household income, so buying on either side is well above local incomes. Renting is also stretched: a house at $750 a week would take about 51.6% of a typical local household's weekly income at the last Census (a large share), while a unit at $580 a week would take about 40.0% (a sizeable share). Whether that feels expensive depends on your own income and circumstances.

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

The standout is house values, which climbed a strong 13.2% over the past 12 months. House rents also rose, up a solid 7.1%, so on the houses side capital growth has outpaced rental income this year. Units were quieter: unit values rose 5.7% and unit rents increased 5.5%, essentially moving at a similar rate. If you're weighing Mornington as an investment, the value figures point to capital growth while the rent figures show how rental income has moved; which of those matters to you will determine how you read these movements.

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.