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Mordialloc

POSTAL CODE: VIC, 3195
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Property investors enjoyed capital gains of 1.45% over the last 12 months in MORDIALLOC, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 13.82% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $775 based on current median home prices for the suburb.

On average, rents on listings have reached the $775 mark, reflecting a 2.88% increase in returns based on the current median price in MORDIALLOC.

MORDIALLOC, 3195 ranks 448th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 464th on the list of best yielding suburbs for rental properties in VIC, posting a 2.88% return.

Surburb overview

Mordialloc is a bayside suburb in the City of Kingston, about 24 to 26 kilometres south-east of Melbourne’s CBD, with Mordialloc Creek and Port Phillip Bay shaping much of its layout and daily activity.

The 2021 Census recorded 8,886 residents in Mordialloc, with a median age of 40, 3,888 private dwellings, an average household size of 2.4 people and a median weekly household income of $2,037.

Census figures also show a mix of household types, with couple families with children making up 49.5 per cent of families, while 68.6 per cent of residents were born in Australia, and 78.2 per cent spoke only English at home.

The suburb’s transport network is centred on Mordialloc Station on the Frankston line, giving residents a direct rail link to inner Melbourne and other bayside suburbs.

Bus connections add east–west and cross-suburban access, including route 705 to Springvale via Braeside and Clayton South, route 708 between Hampton and Carrum via Southland, and the 903 SmartBus corridor linking Mordialloc with a long chain of middle- and western-suburb routes.

For everyday needs, Mordialloc has an established activity centre around its main shopping area, where retail, hospitality, professional services and other local businesses sit within walking distance of the station, creek and foreshore.

Council services across Kingston also provide access to immunisation, family support, housing support, and in-home assistance, enhancing the suburb’s practical liveability for people of different ages.

Recreation is a major part of Mordialloc’s identity, with Mordialloc Beach offering a broad sandy foreshore, walking trails, a surf life saving club, showers, toilets, picnic areas, an off-leash dog area and the well-known 300-metre pier.

The suburb also includes Mordialloc Creek Reserve, a 4-hectare bushland area that protects indigenous vegetation and bird habitat along the creek, providing the neighbourhood with a mix of coastal recreation and local environmental value.

 

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