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Mornington Peninsula Shire

McCrae

McCrae Property Market
& Suburb Profile

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MEDIAN PRICES IN MCCRAE

Median house price

(all agencies, last 12 months)$1.3m*

Median unit price

(all agencies, last 12 months)$738k*

Unit price change

(all agencies, last 12 months)-10%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MCCRAE price TRACKER

HousesUnits

McCrae sales overview

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)55

Average days on market (units)

(all agencies, 12 months)29

Average held period in McCrae

(proptrack)12 years

McCrae Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$651pw

House rental price change

(all agencies, last 12 months)0.08%

Median rental price for Units

(all agencies, last 12 months)$598pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.25%

Average rental yield for Units

(all agencies, last 12 months)3.92%

McCrae total population size

(as at the last census)3,311

Median household size in McCrae

(as at the last census)2.3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

McCrae property types

  • Houses 54%
  • Units 12%
  • Other 34%

OCCUPANCY in McCrae

  • Owned 81%
  • Rented 15%
  • Other/Not Stated 4%
  • Singles 26%
  • Families 72%
  • Other 2%

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About McCrae

McCrae is a highly picturesque and sought-after coastal suburb located approximately 85 kilometres south of the Melbourne CBD, offering a serene, bayside lifestyle that is renowned for its calm, shallow beaches and stunning views across Port Phillip Bay.

The suburb is defined by its beautiful foreshore, the historic McCrae Lighthouse, and its leafy, undulating streetscapes that appeal strongly to retirees, holidaymakers, and established families seeking a peaceful sea-change.

The housing stock is a desirable mix of original beach cottages, established family homes, and contemporary luxury residences, many of which take advantage of the elevated positions to secure bay views.

Life in McCrae is tranquil, centred on its beach and local reserves, with a small local hub providing cafes and essential services, while the major retail, dining, and comprehensive amenities of nearby Rosebud and Dromana are only a short drive away.

Education is supported by schools in the surrounding peninsula suburbs, with bus routes connecting residents to institutions like Rosebud Secondary College.

Connectivity is excellent for drivers, with the Mornington Peninsula Freeway providing a convenient and fast route to the city, making it a viable option for those working remotely or commuting occasionally.

For investors and buyers, McCrae represents a stable and high-demand market where the enduring appeal of its pristine, family-friendly beach, coupled with its tranquil atmosphere and prime location on the Peninsula, ensures robust long-term value.

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Sales Comparison

Find out how McCrae median sales prices compare to neighbouring suburbs.

McCrae MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202586$1,014,000no change69$625pw3.58%
202484$1,057,5003.59%88$599pw3.46%
202392$1,055,000-0.79%69$584pw3.46%
202291$1,054,5003.28%61$555pw3.17%
2021131$985,00034.81%32$521pw2.84%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202586$1,014,000no change
202484$1,057,500+3.59%
202392$1,055,000-0.79%
202291$1,054,500+3.28%
2021131$985,000+34.81%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202569$625pw3.58%
202488$599pw3.46%
202369$584pw3.46%
202261$555pw3.17%
202132$521pw2.84%

PROUDLY SERVICING McCrae

Barry Plant
Rosebud

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*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 (Cth).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.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.