Located in Tasmania within the Clarence local government area, Mornington is a compact suburb (postcode 7018). It is home to about 2,469 residents, with a blend of families and working-age professionals and a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Mornington is $572,000, having declined by 3.9% over the past year. Units have a median price of $505,000 (-9.4% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,387.
Mornington is served by 1 school, including 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 37 bus stops.
On the investment side, Mornington shows a gross rental yield of approximately 5.0%, rated as high yield. Property prices are near the state median ($572K/$750K). The price-to-income ratio of 7.7x is considered moderate. House prices have moved -3.9% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.