Mount Martha is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3934). With a population of 19,846, the suburb has a mature demographic with a median age of 46. Households earn a median income of $109K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Martha is $1.9 million, having increased 2.7% over the past year. Units have a median price of $770,000 (-1.2% YoY). The median weekly rent is $496 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,167.
Mount Martha is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 1 tram stop, 77 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Mount Martha offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 17.1x is considered stretched. House prices have moved +2.7% year-on-year.
Mount Martha is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3934). With a population of 19,846, the suburb has a mature demographic with a median age of 46. Households earn a median income of $109K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Martha is $1.9 million, having increased 2.7% over the past year. Units have a median price of $770,000 (-1.2% YoY). The median weekly rent is $496 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,167.
Mount Martha is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 1 tram stop, 77 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Mount Martha offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 17.1x is considered stretched. House prices have moved +2.7% year-on-year.