Mornington

Mornington, VIC 3931 is a vibrant suburb with a total population of 25,759. The demographic makeup includes a diverse range of age groups, with a significant number of residents aged 45 to 64 and 65 or over. The median household income is above average. The top three occupations in the area are managers, professionals, and technicians/tradeworkers. Residents have various commuting options, with a notable number working from home. Mornington presents a balanced real estate market for both houses and units. With a moderate market absorption rate, it offers opportunities for both homebuyers and investors. The high room demand-supply ratio indicates a potential for property development or renovation projects. The suburb attracts interest from potential tenants, supported by a low vacancy rate and reasonable rental yields. Mornington, VIC 3931 offers a desirable lifestyle with its diverse demographics, good income levels, and commuting options. The suburb provides real estate investment opportunities in both houses and units, with indications of stable growth potential, rental demand, and opportunities for development or renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022