Mornington is a =family-oriented suburb on Hobart’s eastern shore, offering a relaxed and convenient lifestyle just minutes from the city. The area features a thoughtful mix of modern subdivisions and established homes, surrounded by lush green spaces, parks, and recreational areas—perfect for active families and nature lovers alike. Residents enjoy excellent transport links and quick access to the Tasman Bridge, making commuting easy, while essential amenities such as the Oceana Aquatic Centre, local services, and shopping at Eastlands are all conveniently within reach. With its balanced suburban charm, sense of community, and seamless connection to urban conveniences, Mornington is an appealing choice for those who want both tranquility and accessibility.
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Mornington property market
The Mornington property market remains active, with 6 properties available for rent and 6 listed for sale last month. This well-established suburb is known for its convenience and family-friendly environment, offering both lifestyle appeal and strong investment potential.
Over the past year, the median sold price for houses in Mornington has been $607,500. For investors, houses in the area rent for an average of $550 per week, providing an annual rental yield of 4.9%. This steady rental return highlights the suburb’s attractiveness for those seeking reliable income-generating opportunities.
Mornington has also experienced an annual compound growth rate of 3.9% for houses, reflecting consistent long-term value growth. With its proximity to key services, schools, and easy access to Hobart’s city centre, the suburb continues to be a popular choice for both homeowners and investors alike.
Market trends
View median property prices* in Mornington to get a better understanding of local market trends.
*Data based on sales within the 12 months to August 2025.