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Mortlake

POSTAL CODE: VIC, 3272
HOUSE

Based on its average 5-year and quarterly capital gains MORTLAKE, 3272 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MORTLAKE, 3272 obtained a 12.79% growth over a ten-year period. It ranks 3876th on our list of suburbs that property investors should look into.

MORTLAKE, 3272 in VIC belongs to the local government area of Moyne.

MORTLAKE, 3272 has a capital gain of 2.38% for the past year, which is lower than average compared to its 31.77% growth within a five-year period.

With the median home price in MORTLAKE sitting at $365,000, and the average rent at $390, property owners could potentially earn a 5.56% increase in gross rental yield.

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

Surburb overview

Mortlake is a regional town in south-west Victoria within Moyne Shire, located about 200 kilometres south-west of Melbourne and approximately 50 kilometres north-east of Warrnambool. The town sits within Victoria’s Western District farming region and functions as a service centre for surrounding agricultural communities.

The 2021 Census recorded a population of 1,073 people.

Mortlake has longstanding links to grazing, wool production and dairy farming, with agriculture continuing to play a major role in the local economy. The nearby meat processing industry and renewable energy developments also contribute to employment in the district.

Housing in Mortlake mainly consists of detached homes on established residential streets, alongside larger lifestyle and farming properties on the town outskirts.

Residents access supermarkets, schools, sporting facilities and healthcare services within the township, including services provided by the Terang and Mortlake Health Service.

Public transport options are limited within Mortlake itself, although regional road connections support travel to Warrnambool, Terang and Geelong. The nearest V/Line rail services operate from Terang and Warrnambool, providing passenger connections to Melbourne.

The town includes recreation reserves, sporting clubs, and community facilities that support football, netball, cricket, golf, and horse racing across the district.

Mortlake is also associated with the nearby Mount Shadwell volcanic area, with the surrounding landscape reflecting the broader volcanic plains environment of south-west Victoria.

Mortlake retains a predominantly agricultural and regional service character, with farming activity and community connections continuing to shape the town and surrounding district. 

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