Mortlake (postcode 3272) is a small locality in Victoria within the Moyne local government area. With a population of 1,477, the suburb has an older-leaning population with a median age of 49. Households earn a median income of $51K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Mortlake is $355,000, having risen modestly by 1.6% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $932.
Mortlake is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Moyne LGA is moderate at 4,220 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.2% (high yield). Property prices sit below the state median ($355K/$850K), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved +1.6% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.