Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
VIC › Mornington › Pearson St
$780,000–$810,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
87 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$780,000–$810,000
Asking range · $8,966/m² of land
No recorded sale for this property.
Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Vs Mornington
-22.4%
Median sale
Suburb $1,005,000
+0.92 pp
Gross yield
Suburb 3.19%
Suburb median $1,005,000 from 9 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$47,499 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Mornington's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $617/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 4.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ray White Carrum DownsSituated in arguably one of the best locations in Mornington, in the heart of the vibrant town centre, is the immaculate 3 Pearson Street.
Recently refreshed top to bottom, this stunning townhouse is ready to simply roll up the truck and start unpacking. From first impressions, this wonderful home offers everything you need all wrapped in a fresh and tidy package. Enter via the quant courtyard through the front door to find the first private bedroom/office with sliding doors to the court yard, offering ample natural light and cool breeze in the warmer months, the perfect guest bedroom or work from home office.
The first floor hosts an impressive open plan dining and kitchen area complete with gas cooking, large island bench for hosting and ample storage. Gather around the kitchen, dining table and flow into the sizable lounge. The space fully transforms into an open and cool area with large balcony for entertaining on one side and a second balcony to the rear providing airflow and openness.
The second story holds space for 3 further bedrooms. The master bedroom is large and dreamy with neutral colour reflecting the area, the modern ensuite and walk in robe compliment the master and create space to unwind after a busy day at the beach, wineries or bustling main street. 2 further double bedrooms complete the sleeping quarters while also being serviced by a large family bathroom with bathtub and modern fittings.
A stand out from the competition in more ways than one, with double garage and extra storage, street frontage and hop, skip and jump to Main Street to name a handful.
Mornington embraces everything it means to be a lively seaside town. With fantastic restaurants to choose from, an easy walk to many of the both bustling and secluded beach spots and an abundance of local shopping.
Spoilt for choice with schooling, including but not limited to Padua College, Mornington Primary and Secondary and St Macartan's to name a few.
Mornington offers a lifestyle second to none, with the popular wine region right on your door step, stunning beaches and all amenities you would need.
Easy access to freeways making CBD and Peninsula travel simple.
Don't miss the opportunity to secure a slice of Mornington, Call Georgia on 0411 303 283 to arrange an inspection.
Listing description written by David Carroll, Ray White Carrum Downs — reproduced as published, not verified by Districts.