Thinking about buying in Mornington? Now could not be a better time, with 1473 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $412,000 with prices in this suburb ranging from $17,000 to $1,410,000. Mornington is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Mornington Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Mornington driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mornington are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Mornington classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mornington requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Mornington we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Mornington a better buying opportunity than it may have been in the past.

Houses for sale Mornington

	5A PORTRUSH GR, MORNINGTON, VIC, 3931	4	2	2	$1,790,000 - $1,900,000
	12 CAWARRA ST, MORNINGTON, VIC, 3931	3	1	2	$820,000
	26 SEAVIEW AV, MORNINGTON, VIC, 3931	3	2	1	$900,000 - $990,000
	10 MANOR HOUSE DR, MORNINGTON, VIC, 3931	3	2	2	$900,000 - $990,000
	UNIT 1, 11 NEPTUNE ST, MORNINGTON, VIC, 3931	3	3	2	$3,200,000 - $3,520,000
	6-8 QUEEN ST, MORNINGTON, VIC, 3931	4	3	2	$3,495,000
	74 WILSONS RD, MORNINGTON, VIC, 3931	3	1	1	$850,000 - $925,000
	22 MELINGA CR, MORNINGTON, VIC, 3931	3	1	2	$795,000 - $870,000
	111 MAXWELL ST, MORNINGTON, VIC, 3931	4	2	3	$1,000,000 - $1,100,000
	UNIT 6, 10 MAXWELL ST, MORNINGTON, VIC, 3931	3	2	2	Private Sale - $780,000 - $830,000
	6 WOOD ST, MORNINGTON, VIC, 3931	3	1	1	$690,000 - $749,000
	UNIT 4A, 784 ESPLANADE, MORNINGTON, VIC, 3931	8	4	4	$849,000
	UNIT 4, 4-6 OAKLAND ST, MORNINGTON, VIC, 3931	2	1	2	$585,000 - $615,000
	UNIT 1, 930 NEPEAN HWY, MORNINGTON, VIC, 3931	2	2	1	$ 660,000
	9 PEARSON ST, MORNINGTON, VIC, 3931	4	2	2	770000
	6 SCOTSBURN CT, MORNINGTON, VIC, 3931	5	2	4	1385000
	UNIT 6, 58-60 WILSONS RD, MORNINGTON, VIC, 3931	2	2	1	$680,000 - $730,000

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General Points of Interest

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