Mordialloc sits in Melbourne’s bayside — a suburb that runs creative, walkable, authentic. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Mordialloc 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $453/wk | $1963/mo | $23,556/yr |
| 2-bedroom unit | $637/wk | $2760/mo | $33,124/yr |
| 3-bedroom house | $808/wk | $3501/mo | $42,016/yr |
Rents in Mordialloc have fluctuated slightly compared to 2025. The vacancy rate sits at 1.5%, which is tight — expect competition for good properties.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,276,369 | -0.8% |
| Unit/Apartment | $563,151 | +3.1% |
Gross rental yield: 4.6% (units tend to yield higher than houses in Mordialloc).
Who Lives Here
Mordialloc attracts a diverse mix of demographics. The suburb is known for Mordialloc local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 35-55
- Household: Couples and young families
- Income: Around metro median
Renting Tips for Mordialloc
Apply fast. Good properties in Mordialloc get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Margaret Lane. The main strip is where rent premiums hit hardest. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 48 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Public transport options in Mordialloc).
Investment Outlook
Mordialloc is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 4.6% gross yield is above the metro average.
Key factors:
- Transport: Public transport options in Mordialloc
- Schools: Mix of public schools and nearby private colleges
- Infrastructure: New town centre development approved
Suburb Character & Lifestyle
Mordialloc runs creative, walkable, authentic. The main commercial strip along Margaret Lane is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Mordialloc local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is a blend of period homes near the centre and newer estates towards the edges. For renters, the most common options are rooms in shared Victorian terraces. For buyers, the entry point is typically a 2-bedroom terrace needing renovation at the lower end of the market.
Transport reality: Public transport options in Mordialloc. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $4.50-5.50 |
| Brunch | $19-28 |
| Dinner out | $28-45 pp |
| Pint of beer | $12-14 |
| Cocktail | $19-25 |
| Groceries | $110/wk (couple) |
| Utilities | $271/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Mordialloc has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is creative, walkable, authentic, which attracts a diverse mix of residents from young renters to established families.
5-year outlook: Above-average growth potential due to demand-supply imbalance. The fundamentals — location, transport, lifestyle amenity — are well-established.
What to watch: New cycling infrastructure — check council planning portal for details.
Nearby
- Sandringham Property
- Mordialloc Cost of Living
- Mordialloc Things to Do
- Compare Suburbs
- All Mordialloc Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Mordialloc
- Coworking Guide in Mordialloc
- Council Services in Mordialloc
- Library Guide in Mordialloc
- Playground Guide in Mordialloc
Useful tools:

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