Question 1

Is Mortlake a nice place to live?

Accepted Answer

Mortlake is a small western district town set in unmistakable volcanic country, with the basalt cone of Mount Shadwell and broad lava plains nearby. It serves surrounding sheep and cropping properties and has a compact main street of shops and services, a handful of community and sporting facilities, and a steady rural rhythm. Housing ranges from weatherboard and brick cottages to larger farm homesteads, and outdoor recreation and local events underline a down-to-earth community character.

Home to 1,477 people with a median age of 49, Mortlake is a town of mostly couple families and owner-occupiers — together 81.1% of homes are owned outright or with a mortgage. There is an active town-centre program, including a Market Square master plan and a funded Market Square safety upgrade, ongoing work on the Recreation Reserve master plan, a draft Active Transport Strategy to guide walking and cycling links, and support for a proposed 'Settlers Run' arts and historical precinct. That mix tends to suit farming households, people after a quieter lifestyle and those who travel to nearby regional centres; whether it suits you will depend on what you value in a place to live.

Question 2

Is it expensive to live in Mortlake?

Accepted Answer

Housing costs in Mortlake sit notably above local incomes as recorded at the most recent Census. A typical house rent of $395 a week would take about 40.2% of a typical local household's weekly income at the last Census, which is a large share of income.

Buying is more stretched: the median house price of $427,500 is about 8.4 times a typical local annual household income at the last Census, placing purchase prices well above what households locally earned then. If you're renting rather than buying, that rent share is the figure most directly relevant to you.

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

Question 3

Is Mortlake a good place to invest?

Accepted Answer

Over the past 12 months in Mortlake, house values rose 6.1% while house rents fell 3.7%. The 6.1% rise is a solid increase in what houses are worth, and the 3.7% fall is a moderate decline in the rent those houses earn. For someone weighing Mortlake as an investment, the figures show capital growth on the house side over the year alongside weaker rental income; which of those matters more depends on your own goals and circumstances.

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.

	Houses	Units
Median price Past 3 months	$428K	N/A
Change in value Past 12 months	6.1%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$395	N/A
Change in rent Past 12 months	-3.7%	N/A

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

Mortlake suburb profile

Mortlake property market performance

5 year median price trend for houses and units

Mortlake demographics

Suburbs near Mortlake

How does Mortlake compare to nearby suburbs?

Choose the right real estate agents in Mortlake

Get a head start and compare top local agents in Mortlake

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market