Mornington is a smaller suburb in Tasmania within the Clarence local government area (postcode 7018). With a population of 2,469, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.

The median house price in Mornington is $572,000, having declined 3.9% over the past year. Units have a median price of $505,000 (-9.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 4.5%. 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.

From an investment perspective, Mornington offers a gross rental yield of 4.5%, rated as moderate 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.