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ABS 2021 Census · Updated 21 May 2026
Mornington is a coastal suburb in Victoria, Australia, with a population of approximately 25,759, making it a sizeable community. Located approximately 47 km from the Melbourne CBD, Mornington is a coastal area in Victoria. The median household income is $75,452 per year.
Mornington has a solid income profile that supports reliable occupancy rates. The coastal setting provides a lifestyle factor that underpins property values.
Official Australia Post postcode for Mornington. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 6 schools within or near this suburb.
Find schools near Mornington on My School →Estimated 10 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
With 25,759 residents, Mornington is one of Victoria's more populous suburbs — roughly 3.5× the state median of 7,416 — giving it a deep buyer and tenant pool that typically supports higher transaction volumes and shorter average days on market. Mornington's median household income of $75,452/year is 21% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Rent of $400/week (87% coverage of the $2,000/month median mortgage) leaves a gap of roughly $267/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 47 km from Melbourne, Mornington is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
This suburb can suit investors targeting renter demand driven by lifestyle. Insurance, climate risk, and seasonal rental patterns all warrant a close look. Local rents consume roughly 28% of household income — a useful sanity check on tenant affordability.
How Mornington stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Mornington sits above the state median; negative means below.
| Metric | Mornington | VIC median | Δ vs state |
|---|---|---|---|
| Population | 25,759 | 7,416 | +247% |
| Median household income | $75,452/yr | $95,160/yr | -21% |
| Median rent (weekly) | $400 | $380 | +5% |
| Median mortgage (monthly) | $2,000 | $1,950 | +3% |
| Distance to CBD | 47 km | 32 km | +47% |
| Separate houses | 70% | 78% | -8pp |
Pre-inspection briefing for Mornington — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 21% below the VIC median ($75,452 vs $95,160) means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Strong rental coverage: $400/week (~$1,733/month) covers 87% of the $2,000/month median mortgage repayment, so the shortfall sits at just $267/month. Investors targeting positive cash flow should shortlist this suburb.
With 70% houses in a 25,759-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Mornington property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Mornington are modest for 2026 — incomes 21% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~87% of the typical mortgage ($1,733/month rent vs $2,000/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 58/100 places Mornington in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Mornington scores 58/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 25,759, median household income of $75,452/year and median weekly rent of $400. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Mornington are a median household income of $75,452/year, a dwelling mix that is 70% separate houses, roughly 6 schools and 10 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Mornington has a usual resident population of approximately 25,759, compared with a Victoria suburb median of 7,416 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Mornington sits 47 km straight-line from the Melbourne CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $400 in Mornington, equating to approximately $20,800/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Mornington is $2,000, or approximately $24,000/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $400 works out to $1,733/month, covering 87% of the median mortgage repayment of $2,000/month. That leaves a $267/month shortfall (around $3,204/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $2,000 median mortgage, below-median household incomes ($75,452 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.