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Mount Vernon, NSW 2178

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$3,590,000

list-price estimate

Median Unit

$1,460,000

Gross Yield

-

1yr Growth (houses)

+8.6%

market range +5.0% to +12.5%

Investment snapshot for Mount Vernon

Mount Vernon has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Mount Vernon market and investor summary

Mount Vernon sits in NSW, postcode 2178. House prices have moved +8.6% over the past year and +80.0% over three years. At 9.7% vacancy, it is a softer rental market with more choice for tenants.

Demand is softer at 9.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 108 days on market, so plan for a slower exit if you ever need one.

Living in Mount Vernon: people, income and schools

About 1,235 people live in Mount Vernon, and the area has been growing steadily, up about 62% over five years. At a median age of 40, it reads as skewed a little older, and 94% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $165,000 a year (about $3,180 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.

Families have 11 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Mount Vernon sits about 37 km from the CBD. It is fairly car-dependent; the suburb scores 7 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
1,235
+62% over 5yr
Median age
40 years
Median household income
$165,000/yr
Households renting
5%
Family households
92%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
11
avg ICSEA 975
Unemployment
3.1%
Distance to CBD
37 km
Walk score
7/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Mount Vernon

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Frequently asked questions about Mount Vernon

What should I check before investing in Mount Vernon?

Mount Vernon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.6% in the past year shows strong recent price momentum. 3-year capital growth of +80.0% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Mount Vernon?

The median property price in Mount Vernon, NSW 2178 is $1.5M for units.

What does recent house price growth show for Mount Vernon?

House prices in Mount Vernon are up 8.6% over the past year and up 80.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Mount Vernon?

The current vacancy rate in Mount Vernon is 9.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Mount Vernon?

Mount Vernon has a population of approximately 1,235 residents, with a median age of 40.

What schools are near Mount Vernon?

There are 11 schools within roughly 5km of Mount Vernon. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Mount Vernon's population growing?

The population of Mount Vernon has grown about 62% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Mount Vernon from the CBD?

Mount Vernon is about 37 km from the CBD.

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