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Mornington vs Table Cape

Property investment comparison - Mornington, TAS 7018 vs Table Cape, TAS 7325

Head-to-head across core investment metrics: Mornington wins 4, Table Cape wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricMorningtonTable Cape
Median house price$705K$710K
Median unit price-$445K
Gross rental yield (houses)4.40%3.21%
Gross rental yield (units)4.77%4.68%
1-year house growth+16.7%-
3-year house growth+17.8%-
Vacancy rate1.9%3.2%
Population2,46987

Mornington vs Table Cape: what the numbers say

The median house price is $705K in Mornington and $710K in Table Cape, so Mornington is the cheaper entry point, with Table Cape houses about 1% dearer.

On cash flow, Mornington leads: houses there return a gross rental yield of 4.40%, compared with 3.21% in Table Cape, a gap of 1.19 percentage points.

Rental vacancy is 1.9% in Mornington and 3.2% in Table Cape, so landlords in Mornington face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mornington is the bigger suburb, with a population of 2,469 against 87, roughly 28 times the size of Table Cape; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mornington for rental income, Mornington for a lower purchase price, Mornington for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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