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Mornington Peninsula Shire

Mount Eliza

Mount Eliza Property Market
& Suburb Profile

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MEDIAN PRICES IN MOUNT ELIZA

Median house price

(all agencies, last 12 months)$1.6m*

House price change

(all agencies, last 12 months)+0.46%

Median unit price

(all agencies, last 12 months)$805k*

Unit price change

(all agencies, last 12 months)-8.52%

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

MOUNT ELIZA price TRACKER

HousesUnits

Mount Eliza sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)36

Average days on market (units)

(all agencies, 12 months)32

Average held period in Mount Eliza

(proptrack)13 years

Mount Eliza Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$1,015pw

Median rental price for Units

(all agencies, last 12 months)$588pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.17%

Average rental yield for Units

(all agencies, last 12 months)4.22%

Mount Eliza total population size

(as at the last census)18,734

Median household size in Mount Eliza

(as at the last census)2.8

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

Mount Eliza property types

  • Houses 58%
  • Units 9%
  • Other 33%

OCCUPANCY in Mount Eliza

  • Owned 90%
  • Rented 8%
  • Other/Not Stated 2%
  • Singles 17%
  • Families 82%
  • Other 1%

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About Mount Eliza

Mount Eliza is an exceptionally prestigious and highly sought-after coastal suburb located approximately 50 kilometres south-east of the Melbourne CBD, offering a sophisticated village lifestyle that effortlessly combines bayside charm with tranquil, leafy surroundings.

The suburb acts as the picturesque gateway to the Mornington Peninsula, defined by its expansive blocks, lush greenery, and stunning coastal views from clifftop walks and beaches like Canadian Bay and Ranelagh Beach.

Life is centred on the vibrant Mount Eliza Village, a bustling hub featuring artisan coffee shops, gourmet grocers, and boutique retailers, all contributing to a warm, close-knit community feel that is attractive to families, professionals, and retirees alike.

Education is a major drawcard and driver of long-term property demand, with the area boasting some of Victoria’s most in-demand schools, including the elite private institutions of Peninsula Grammar and Toorak College, alongside the well-regarded Mount Eliza Secondary College and several excellent public primary schools.

Although the suburb maintains a sense of peaceful seclusion, connectivity is strong for drivers, with nearby freeways, including the Peninsula Link, affording residents easy access to the city and a seamless connection to the rest of the Peninsula hotspots like Red Hill.

For investors and discerning buyers, Mount Eliza represents a secure, blue-chip market where the strong owner-occupier rate, exceptional schooling, and enduring coastal and village appeal ensure consistent demand and robust long-term capital appreciation.

Education

Kunyung Primary School
Mount Eliza North Primary School
Mount Eliza Primary School
Mount Eliza Secondary College
Peninsula Grammar
St Thomas More's School
Toorak College
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Sales Comparison

Find out how Mount Eliza median sales prices compare to neighbouring suburbs.

Mount Eliza MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025328$1,223,7500.45%168$802pw3.69%
2024339$1,238,750-5.88%192$801pw3.75%
2023324$1,252,000-2.86%217$754pw3.58%
2022343$1,315,0002.44%183$732pw3.37%
2021494$1,226,00028.68%160$693pw3.02%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025328$1,223,750+0.45%
2024339$1,238,750-5.88%
2023324$1,252,000-2.86%
2022343$1,315,000+2.44%
2021494$1,226,000+28.68%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025168$802pw3.69%
2024192$801pw3.75%
2023217$754pw3.58%
2022183$732pw3.37%
2021160$693pw3.02%

PROUDLY SERVICING Mount Eliza

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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.