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 › Main St
$300,000–$330,000
For sale
Asking range
0
Bedrooms
0
Bathrooms
2
Car spaces
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
$300,000–$330,000
Asking range
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
-70.1%
Median sale
Suburb $1,005,000
+7.50 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.
$17,576 on top of the price (5.9% 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 10.7%. 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 LynchCoThe bureaucracy is already done. Opportunities like this are unicorns. On offer: 185sqm of airspace with the rights, approved plans and permits for a high-spec three-bedroom penthouse with windows on all four sides and sweeping views towards Port Phillip Bay. A stroll from the beach, and with all the essentials and local favourites of Mornington's thriving central precinct literally on your doorstep.
Rather than wasting time on the process, you buy and then you build. What's planned is far more house than apartment, entered via a private lift or stairs by walking straight in off Main Street, or from the existing basement garage on Blamey Place, where a double car park and storage area are included in the sale.
The living and dining area opens to a sun-drenched balcony, while the kitchen is built for people who actually cook. The main suite has its own walk-in robe and ensuite, and two further robed bedrooms share a generous main bathroom. A powder room and full laundry complete the plans.
The approvals are behind you. What we're selling here is the good part.
The Build
Internal: 158 sqm (17 squares)
External: 27 sqm (2.9 squares)
Existing basement: 26 sqm (2.8 squares)
Builder: You choose
Zoning: Commercial 1 Zone
The Points of Interest
Main Street shopping and cafe district: 0m
Wildgrain: 100m
Mornington Village Shopping Centre: 250m
The Bays Hospital: 300m
Mornington Central: 300m
Mornington Primary School: 350m
Alexandra Park: 450m
D.O.C Pizza and Deli: 500m
Mothers Beach: 800m
The Numbers
Owners Corporation fees: $10,328 per annum
Council rates: $2,002 per annum
Settlement: 30 - 180 days
Deposit: 10% - 20%
Call Brodie now and skip the bureaucracy. This is ready to be Main Street's penthouse stunner.
Listing description written by Brodie Lynch, LynchCo — reproduced as published, not verified by Districts.