Mornington, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Mornington
VICCensus 2021 · Population 25,757
Mornington is a suburb with a total population of 25,757, characterized by a mature demographic, with a median age of 50, significantly higher than the Victorian average of 38. The suburb has a higher proportion of females (53.6%) compared to males (46.4%). The area is predominantly made up of couple households without children, accounting for 45.3% of families, which is indicative of its appeal to older residents and retirees. Housing is primarily owner-occupied, with 41.3% of homes owned outright and 32.0% owned with a mortgage, reflecting a stable residential base.
Key Highlights
- Low unemployment rate of 3.8% compared to the Victorian average of 5.0%
- High percentage of separate houses at 77.0%, above the state average of 73.4%
- Significant work-from-home population at 22.4%
- Predominantly English-speaking community with 89.8% speaking only English at home
- High ownership rates with 41.3% of homes owned outright
Things to Consider
- Higher median age of 50 may not appeal to younger buyers
- Median personal weekly income of $740 is below the Victorian average
- Limited public transport usage at 1.2%
- Lower percentage of residents with a bachelor's degree or higher at 21.5%
- Relatively low cultural diversity with 74.0% born in Australia
What's it like living here?
Daily life in Mornington is likely to be relaxed, with a significant portion of the population working from home (22.4%), which is slightly below the Victorian average. The suburb has a low reliance on public transport, with only 1.2% using it for commuting, suggesting a car-dependent lifestyle. The community has a strong local feel, with 74.0% of residents born in Australia and 89.8% speaking only English at home.