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Mornington Peninsula Shire

Portsea

Portsea Property Market
& Suburb Profile

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MEDIAN PRICES IN PORTSEA

Median house price

(all agencies, last 12 months)$3.9m*

House price change

(all agencies, last 12 months)+7.78%

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

PORTSEA price TRACKER

HousesUnits

Portsea 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)42

Average held period in Portsea

(proptrack)6 years

Portsea Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$829pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$669pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)2.15%

Average rental yield for Units

(all agencies, last 12 months)3.67%

Portsea total population size

(as at the last census)787

Median household size in Portsea

(as at the last census)1.8

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

Portsea property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Portsea

  • Owned 91%
  • Rented 7%
  • Other/Not Stated 2%
  • Singles 35%
  • Families 65%
  • Other 1%

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About Portsea

Portsea is an exceptionally exclusive and prestigious coastal suburb, situated at the furthest tip of the Mornington Peninsula approximately 110 kilometres south of the Melbourne CBD, renowned for its opulent holiday homes and breathtaking natural environment where Port Phillip Bay meets the rugged Bass Strait.

The suburb's highly valued housing stock consists primarily of grand heritage estates, sprawling modern luxury residences, and secluded beachside properties, attracting an affluent demographic of established families and high-net-worth individuals seeking unparalleled privacy and seaside grandeur.

Life in Portsea is tranquil and upscale, centred on the historic Portsea Pier - popular for swimming and diving - the exclusive Portsea Golf Club, and the small, sophisticated Portsea Village which offers boutique shopping and high-end dining.

The natural environment is a major feature, with the area surrounding the historic military sites and dramatic coastal views of Point Nepean National Park, which provides extensive walking and cycling trails.

While the suburb does not have its own schools or train station, its exclusivity and convenience are managed by a short drive to the full amenities of Sorrento, and excellent vehicular access via the Peninsula Link Freeway.

For investors and buyers, Portsea represents a highly secure, blue-chip market where the scarcity of true land's-end coastal property, combined with its enduring status as a playground for Melbourne's elite, guarantees robust long-term capital appreciation and strong demand for premium short-term holiday rentals.

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Sales Comparison

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

Portsea MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202530$1,940,0007.77%26$749pw2.91%
202438$2,321,00021.02%25$722pw2.98%
202333$1,915,000-18.42%16$702pw2.77%
202236$2,225,0007.04%11$685pw2.60%
202171$2,175,00042.00%16$652pw2.41%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202530$1,940,000+7.77%
202438$2,321,000+21.02%
202333$1,915,000-18.42%
202236$2,225,000+7.04%
202171$2,175,000+42.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202526$749pw2.91%
202425$722pw2.98%
202316$702pw2.77%
202211$685pw2.60%
202116$652pw2.41%

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NEWS & INSIGHTS

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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.