Mornington Peninsula Suburbs | Winter Market Insights

The Mornington Peninsula market is undergoing a period of adjustment, creating opportunities for strategic buyers and investors. Higher holding costs, rising interest rates and changes to land tax and capital gains tax settings have contributed to increased investor sell-down activity, resulting in value adjustments of around 5 per cent in some locations.

This shift has created a more balanced market, with average days on market sitting at 32 days and open homes continuing to attract solid buyer interest.

First-home buyers remain highly active as the region’s median price sits around $805,000. Strong demand has supported impressive capital growth, with Frankston North rising 15.69 per cent to a median price of $711,500 and Frankston increasing 14.77 per cent to $855,000. In the unit market, Seaford surged 16.12 per cent to $702,500, while Mornington units rose 8.72 per cent to $810,000.

The leasing market remains exceptionally healthy, with limited rental stock and strong renter demand supporting reliable income performance.

Baxter leads house yields at 4.23 per cent, closely followed by Skye at 4.20 per cent. For units, Seaford delivers a rental yield of 4.42 per cent, while Mount Eliza returns 4.41 per cent.

Future growth is supported by significant residential development in Frankston and the Peninsula’s thriving hospitality sector, reinforcing the region’s position as a resilient long-term investment destination.

For more updates please see our latest edition of our seasonal Investor Advantage magazine.

Disclaimer: The data in this report has been sourced from Proptrack. Capital Growth statistics are based on sales over the past 12 months from May 2025 to May 2026. We discounted suburbs that had less than 10 sales. Whilst we took every care in preparing this report, Barry Plant Group accepts no responsibility for any errors or omissions. Individuals are directed to rely on their own enquiries when making investment decisions.

The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.