Mornington Peninsula · 3931
Mornington, VIC
population +7.8% (5y), 6.1%/yr capital growth.
NextSuburb scoreTier C
43Below trend
Median house
$1.20M
5y growth
6.1%/yr
Gross yield
1.7%
Vacancy
2.2%
Growth-led, low cashflowHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)6.1%/yr61/100
- Population growth+7.8% (5y)78/100
- Supply tightening+4.0% YoY30/100
- Rental yield1.7%35/100
- Rental demand2.2% vacancy45/100
- Income growth+14.0% (5y)56/100
- Construction pipelineno nearby pipeline0/100
- Affordability20% under cap20/100
Why this score
Mornington scores 43/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 6.1%/yr capital growth over five years. The standout watch-out: gross yield of 1.7% leaves modest cashflow.
Drivers
- Population growth+7.8% (5y)
- Capital growth6.1%/yr
Risks
- Thin gross yield (1.7%)
- No major construction project in this state
Nearest infrastructure
Suburban Rail Loop East — Cheltenham28.2 km away
Construction · $5.0bn · completion 2035
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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