Mornington

POSTAL CODE: TAS, 7018
HOUSE

Property investors enjoyed capital gains of 12.47% over the last 12 months in MORNINGTON, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in MORNINGTON are low, as opposed to average gains per annum over the past five years.

The suburb posted a 1.45% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.

On average, rents on listings have reached the $560 mark, reflecting a 4.62% increase in returns based on the current median price in MORNINGTON.

MORNINGTON, 7018 ranks 36th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 41st on the list of best yielding suburbs for rental properties in TAS, posting a 4.62% return.

Surburb overview

Mornington, with the postcode 7018, is a suburb located approximately 7 kilometres east of Hobart’s central business district in Tasmania. Known for its convenient location, residential charm, and access to both urban and natural amenities, Mornington offers a balanced lifestyle for its residents. The population of Mornington is around 2,000 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s serene environment and strategic location.

Mornington falls under the jurisdiction of the City of Clarence, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the Tasman Highway and South Arm Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities near Mornington include primary schools such as Clarence Primary School and Howrah Primary School. For secondary education, students typically attend nearby schools such as Rose Bay High School and Clarence High School. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to the University of Tasmania and various vocational training centres in Hobart.

Mornington residents often visit the nearby Eastlands Shopping Centre in Rosny Park, which offers a variety of retail stores, supermarkets, cafes, and dining options. This centre, along with local shops and eateries in Mornington and the surrounding suburbs, ensures residents have convenient access to everyday needs.

Waverley Flora Park is a popular local spot featuring walking trails, picnic areas, and scenic views, making it ideal for family outings and outdoor activities. The nearby Clarence Mountain Bike Park offers trails for mountain biking enthusiasts of all levels.

The suburb’s location along the River Derwent provides excellent opportunities for water-based activities such as kayaking, fishing, and sailing. The picturesque views of the river and surrounding landscapes add to Mornington’s appeal as a desirable location for both residents and visitors.

Residents of Mornington benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the South Arm Peninsula and the Tasman Peninsula.

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