

139a McDonald Street, Mordialloc, Vic 3195
$1,800,000 - $1,900,000
4 2 4
Open Saturday 6 June 10:30 amOriginally a fishing village and a popular stopping point for travellers heading to the Mornington Peninsula. The arrival of the railway in 1881 transformed it into a seaside resort and eventually a thriving residential suburb.
A vibrant coastal hub characterized by its active Main Street, historic pier, and a mix of mid-century homes and modern luxury developments.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Mordialloc serves as a critical lifestyle anchor for the City of Kingston. Its unique position at the mouth of the creek provides a 'boating village' feel that is rare in Melbourne's metropolitan area.
$1.2m – $2.5m
$550k – $950k
12-month movement
Current asking rents
House prices have remained resilient despite broader market fluctuations, while the unit market is increasingly dominated by high-end downsizer stock.
Price comparison
Median price รท median income
Estimated rental yield
Affordability is a challenge for first-home buyers, who are increasingly looking toward the unit and townhouse market or neighboring Aspendale.
Lower = tighter market
Avg time on market
Annual rental increase
Young professional couples and small families valuing proximity to the station and beach.
Solid capital growth prospects and low vacancy rates make it a safe 'blue-chip' style investment, though gross yields are modest.
Expected to outperform the broader Melbourne market as the 'bayside premium' continues to expand southward from Sandringham and Mentone.
vs last 12 months
Relative comparison
The Main Street precinct can be busy on weekend nights; residential streets are generally very quiet and safe.
The primary risks are environmental and acoustic, centered on the creek system and the local airport.
Significant portions of the suburb are subject to Special Building Overlays (SBO) and Land Subject to Inundation Overlays (LSIO) related to Mordialloc Creek.
Negligible risk; the suburb is fully urbanized.
Buyers should obtain specific insurance quotes prior to purchase, as flood overlays can significantly impact premiums in certain streets.
SBO (Special Building Overlay), LSIO (Land Subject to Inundation), AEO (Airport Environs Overlay).
Main Street corridor and former industrial sites near the railway line.
Overlays dictate building heights, floor levels, and drainage requirements, which can add substantial costs to renovations or new builds.
Excellent rail and road links; highly walkable town centre.
Top-tier dining, retail, and recreational facilities.
Abundant options including Peter Scullin Reserve and the nearby Braeside Park.
Strong local options including Mordialloc College and Mordialloc Beach Primary.
Good local GP access; proximity to Moorabbin and Sandringham Hospitals.
An established community with a growing influx of young families and professional couples.
The stable demographic profile supports long-term property value and community investment.
Recent focus has been on transport infrastructure and the revitalization of the creek precinct.
Residents love the 'holiday at home' feel, citing the beach, cafes, and easy CBD access as the primary draws, though some complain about weekend crowds.
Walking the dog along the creek and then grabbing a coffee on Main St is the perfect morning.
It was hard to get into the market here, but the townhouse we bought has already seen great growth.
The train service is reliable, but the Nepean Highway traffic can be a nightmare during peak hour.
I rarely need my car; everything from the chemist to the bowls club is within walking distance.
Vacancy rates are incredibly low; I never have trouble finding quality tenants for my unit.
The local primary school has a great vibe, but I do worry about the flight path noise during nap times.
Position the property as a 'lifestyle investment' that balances coastal charm with urban convenience. Emphasize walkability and the unique maritime character of the suburb.
Mordialloc offers a low-risk, high-demand rental environment with strong capital growth prospects.
Low rental yields and high entry costs; potential for increased insurance costs due to flood data.
Incredible access to leisure activities and public transport.
Main Street can be noisy; some older rentals lack modern climate control.
Ensure all properties meet the latest Victorian rental minimum standards, particularly regarding heating and electrical safety.
The 'Village by the Bay' angle works best; focus on the ability to walk to everything.
Professional couples 30-45 and active retirees 60+.
This report is based on data available as of 2026-03-06. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professional advisors before making any property purchase.
Now
Before

$1,800,000 - $1,900,000
4 2 4
Open Saturday 6 June 10:30 am

$1,100,000 - $1,200,000
4 2 2
Open Saturday 6 June 9:00 am Auction Saturday 20 June 10:30 am

$450,000 - $490,000
1 1 1
Open Saturday 6 June 11:30 am Auction Saturday 13 June 10:30 am

$1,450,000 - $1,550,000
4 2 2
Auction Saturday 13 June 12:00 pm

THE ONE | $650,000 - $680,000 EOI Closing 09/06
2 2 1
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