Mornington, 74 kilometres from the CBD, sustains a robust rental market due to consistent tenant demand for its regional coastal lifestyle, evidenced by a very low 1.5% vacancy rate. Low supply levels underpin reliable 4.5% capital growth per annum, positioning it as a "workhorse investment" for long-term appreciation, despite its elevated risk profile. Structural owner-occupier demand has not yet been priced into the market — a re-rating window remains open.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
9 of 12 signals locked. The model's full read is in the complete analysis.
The model rates Mornington a 6.3/10 and classifies it as "Workhorse Investment". Mornington, 74 kilometres from the CBD, sustains a robust rental market due to consistent tenant demand for its regional coastal lifestyle, evidenced by a very low 1.5% vacancy rate. Low supply levels underpin reliable 4.5% capital growth per annum, positioning it as a "workhorse investment" for long-term appreciation, despite its elevated risk profile. Structural owner-occupier demand has not yet been priced into the market — a re-rating window remains open.
Mornington is tracking at a 3.3% gross rental yield with a median weekly rent of $579 against a median house price of $906K. Full rent progression analysis is included in the complete model report.
The model derives the median price from our proprietary yield model, not from scraped listings or AI estimates. Weekly rent × 52 ÷ gross yield returns the median price — every number on this page traces back to that formula.
Model signals align with: Defensive Hold. Avoidance profiles and risk flags are covered in the full model output.