Project Sub Urban
The ‘village’ with it all – Investing in MorningtonMornington is situated 57 km from the Melbourne CBD. Positioned between two Mounts – Mount Martha & Mount Eliza – Mornington is a seaside town with a ‘village’ lifestyle and a reputation for excellent cafés and restaurants. The beautiful beaches have made Mornington a popular holiday destination for a long time and it has now become a central hub for the peninsula region with a population of more than 22,000.
Locals often refer to ‘Mornington village’ and the town has certainly retained this village atmosphere. Main Street, which cuts the suburb in half, is the key shopping precinct and the range of retail choices is impressive. From boutiques to giftware to classy cafés and restaurants there is something for every taste. At the end of Main Street is the foreshore and local beach – a great way to relax after all that shopping.
Mornington’s long history means that there is an eclectic mix of old weatherboard homes with well-tended colourful gardens, architecturally designed apartments and units and dream mansions with sweeping bayside views.
Four bus routes service the Mornington area, which is also easily accessed by the Mornington Peninsula Freeway (Peninsula Link), Nepean Highway and Moorooduc Highway. Mornington is family friendly with a number of well-rated schools in the area and there is a strong sporting presence with all major sports being represented, including yachting through the Mornington Yacht Club.
With the median price for a 1-bedroom unit around $410,000 and 2-bedroom unit $517,000*, Mornington represents a great place for investment.
With relaxed lifestyle, facilities to suit all ages and proximity to all the Mornington Peninsula has to offer, Mornington could be the place for your next investment.
If Mornington sounds like it suits your investment plan, call Accrue Real Estate to learn more. They can also explain other Melbourne property investment opportunities.
*realestate.com.au, updated July 16th, 2018.
Image attribution: By Simon, Mandy, Joshua, Bradley and baby Karla Yeo from Pakenham, Australia (Mornington MarinaUploaded by berichard) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Contact Accrue Real Estate to learn more about Pascoe Vale and other Melbourne property investment opportunities.