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Mortlake suburb profile

Mortlake is a charming rural town located in Victoria's Western District, known for its rich agricultural heritage and picturesque landscapes. Situated approximately 50km north of Warrnambool, Mortlake offers a peaceful country lifestyle with a strong sense of community. The town is surrounded by fertile farmland and is renowned for its volcanic plains, which provide a unique backdrop. Mortlake's historic buildings, local markets, and community events reflect its vibrant local culture. With amenities such as schools, shops, and recreational facilities, Mortlake is an attractive destination for those seeking a tranquil yet connected rural living experience.

Mortlake property market performance

Mortlake's property market has remained stable over the past 12 months, with no change in median house or unit values. The median house price is currently $0, reflecting limited market activity. Over the past year, only 6 houses have been sold, with no unit sales recorded, indicating a quiet market.

Houses in Mortlake have a median time on market of 37 days, suggesting a moderate pace of sales. The unit market remains inactive, with no units sold or listed in the past three months.

The rental market in Mortlake has also seen no change, with average house rents remaining at $390 over the last 12 months. There is no data available for unit rentals, highlighting the limited rental activity in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-2.7%N/A
Sold
Past 3 months
8N/A
Median days on market
Past 12 months
42N/A
Average rent
Past 12 months
$390N/A
Change in rent
Past 12 months
-4.9%N/A

5 year median price trend for houses and units

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Mortlake demographics

Mortlake, nestled in the picturesque region of Victoria, offers a serene lifestyle with a strong sense of community. With a population of 1,477, this charming suburb is characterized by its mature demographic, as reflected by the median age of 49. This suggests a community that values stability and long-term residency, making it an ideal location for families and retirees seeking a peaceful environment.

The suburb's housing landscape is predominantly owner-occupied, with nearly half of the properties owned outright. This high rate of outright ownership, at 49.6%, indicates a stable and established community. Additionally, 31.5% of properties are owned with a mortgage, while only 18.8% are rented, highlighting Mortlake's appeal to those looking for long-term investment in their homes.

Family life in Mortlake is diverse, with couple families without children making up the majority at 51.7%, followed by couple families with children at 30%. One-parent families account for 17.2% of the community, reflecting a supportive environment for various family structures. The median total household income of $984 per week suggests a modest yet comfortable lifestyle, typical of a rural setting where community ties and quality of life are prioritized over the hustle and bustle of urban living.

Suburbs near Mortlake

Some popular suburbs near Mortlake include:

How does Mortlake compare to nearby suburbs?

  • Median house prices: Mortlake’s median house price is 9.5% lower than Terang’s.
  • House price growth: Over the past 12 months, house prices in Mortlake have grown 10.9% higher than in Terang.
  • Selling speed for houses: Properties in nearby Terang are selling 4.8% faster than in Mortlake.

Choose the right real estate agents in Mortlake

Choosing the right real estate agent in Mortlake can have a big impact on your sale. While there are 16 real estate agents working in the suburb, but just 5 of them were responsible for 68.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.75%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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