Can you afford to live in Mornington?

To rent in Mornington without housing stress, a household income of about $117,000/year keeps the rent of $675/week at or below 30% of gross income — the standard affordability benchmark. That rent is the official median for a 3-bedroom house — the most common new lease here (304 bonds lodged). Check your income →

To buy the median home ($1,105,000) with a 20% deposit of $221k, repayments at 6.2% over 30 years come to about $5,414/month — comfortable on roughly $217,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 12.3 years, before stamp duty of $61k. Run your own loan →

That price is the real median of 338 house sales in Mornington, published by the state land authority — not an estimate.

Compared to the rest of Victoria, Mornington is more expensive to buy than 94% of the state's suburbs (state median $330k) and pricier to rent than 97% (state median $445/week). It sits roughly 47 km from the Melbourne CBD as the crow flies.

For investors, the median rent against the median price gives a gross rental yield of about 3.6% before costs. Net yield calculator →

Modelled medians, not valuations — every formula above is documented on our methodology page.