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Mornington Peninsula Shire

Mornington

Mornington Property Market
& Suburb Profile

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MEDIAN PRICES IN MORNINGTON

Median house price

(all agencies, last 12 months)$1.1m*

House price change

(all agencies, last 12 months)-2.25%

Median unit price

(all agencies, last 12 months)$778k*

Unit price change

(all agencies, last 12 months)+2.71%

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

MORNINGTON price TRACKER

HousesUnits

Mornington sales overview

  • Sold by Auction 67%
  • Sold by Private Sale or Other Method 33%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)33

Average days on market (units)

(all agencies, 12 months)41

Auction clearance rate in Mornington

(all agencies, last 12 months)66%

Average held period in Mornington

(proptrack)12 years

Mornington Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$777pw

House rental price change

(all agencies, last 12 months)0.03%

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)3.4%

Average rental yield for Units

(all agencies, last 12 months)4.03%

Mornington total population size

(as at the last census)25,759

Median household size in Mornington

(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)

Mornington property types

  • Houses 45%
  • Units 21%
  • Other 34%

OCCUPANCY in Mornington

  • Owned 73%
  • Rented 21%
  • Other/Not Stated 6%
  • Singles 32%
  • Families 67%
  • Other 2%

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About Mornington

Mornington is a highly desirable and established coastal suburb, located approximately 57 kilometres south-east of the Melbourne CBD, functioning as a major activity centre and offering a picturesque lifestyle that is often considered the cosmopolitan heart of the Mornington Peninsula.

The suburb is defined by its stunning beaches, notably Mills Beach and Fishermans Beach, its vibrant arts scene, and a charming, sophisticated village atmosphere, appealing strongly to families, professionals, and retirees seeking a serene yet connected environment.

Life is centred on the bustling Main Street, which is renowned for its array of quality cafes, acclaimed restaurants, upscale boutiques, and specialty shops, complemented by a popular weekly market showcasing local produce and crafts.

Education is well-catered for, with numerous highly regarded public and private schools, including Mornington Secondary College and Padua College, which contribute significantly to its strong family appeal and support long-term property demand.

While the suburb does not have a direct train link to the city, connectivity is excellent for drivers, with the Peninsula Link Freeway providing a convenient and fast route, while an extensive local bus network links residents to the broader Peninsula and the Frankston train line.

For investors, Mornington presents a very attractive market due to its dual appeal to both permanent residents and tourists, which ensures consistent demand and occupancy throughout the year, with a range of housing stock from original beach cottages to modern luxury homes available, particularly in the sought-after clifftop areas near the Esplanade.

Education

Benton Junior College
Mornington Park Primary School
Mornington Primary School
Mornington Secondary College
Mornington Special Developmental School
Padua College
St Macartan's School
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Mornington MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025545$931,250-2.25%443$688pw3.72%
2024527$945,000-1.87%471$660pw3.65%
2023532$978,875-3.71%530$636pw3.51%
2022577$982,5006.12%507$598pw3.33%
2021855$931,00022.20%447$565pw3.04%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025545$931,250-2.25%
2024527$945,000-1.87%
2023532$978,875-3.71%
2022577$982,500+6.12%
2021855$931,000+22.20%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025443$688pw3.72%
2024471$660pw3.65%
2023530$636pw3.51%
2022507$598pw3.33%
2021447$565pw3.04%

PROUDLY SERVICING Mornington

Barry Plant
Mornington

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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.