Mordialloc is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 8,886, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mordialloc is $1.4 million, having dipped slightly 0.5% over the past year. Units have a median price of $670,000 (-5.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,167.
Mordialloc is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 3 rail stations, 42 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Mordialloc offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved -0.5% year-on-year.
Mordialloc is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 8,886, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mordialloc is $1.4 million, having dipped slightly 0.5% over the past year. Units have a median price of $670,000 (-5.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,167.
Mordialloc is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 3 rail stations, 42 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Mordialloc offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved -0.5% year-on-year.