Mornington Peninsula ยท VIC 3942

Buyers agent in Blairgowrie

A decade at 6.05% a year that stopped dead five years ago. The timing matters more than the average.

Figures below are August 2026, suburb level, all bedroom counts. Full Mornington Peninsula council report.

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The Blairgowrie numbers

Houses

$1,623,057

Typical price

$641

Weekly rent

2.05%

Gross yield

+6.0%

Growth a year, 10yr

+1.9%

Growth, last 12mth

145

Sales a year

Units

There is no unit market in Blairgowrie worth reporting. Not a gap in the data, just a suburb of houses.

Vacancy rate 1.11% across roughly 4,028 dwellings. HtAG Analytics, suburb level, all bedroom counts. Typical price is a modelled estimate, not a median of recent sales.

The honest read

What I'd tell you over a coffee

Blairgowrie has grown 6.05% a year over ten years, which puts it near the top of this list. Look at the shorter windows before you get excited.

Five years: minus 0.33% a year. Three years: minus 2.19%. The decade number was made in the first half of the decade and the market has been going sideways or backwards ever since.

That shape is what a holiday market looks like. Everybody wanted a coastal place at once, prices ran hard, and then the demand that caused it moved on.

The yield is the lowest on this whole list at 2.05%. About $641 a week on a $1,623,057 house. Peninsula holiday houses do not rent like suburban ones, because plenty of them are only let over summer.

There is no unit market here worth reporting. About 4,028 dwellings, 145 house sales a year, and effectively all of it detached.

Vacancy reads 1.11%, which looks tight, but on a rental pool this small and this seasonal I would not lean on it.

Who Blairgowrie suits

Someone buying a place they will actually use. Blairgowrie is a genuinely good weekender and there is nothing wrong with owning one. It is not an income property, and the last five years say it is not currently a growth one either.

What I'd watch

Anyone quoting you the ten year number without the five year number. Plus 6.05% and minus 0.33% describe the same suburb, and only one of them is recent.

How I work

  • Flat $20,000 fee, whatever you buy and wherever it is
  • No commissions from agents, developers or builders
  • I'll tell you when a suburb doesn't stack up, including this one
How the process runs

Fair questions

Buying in Blairgowrie, answered

Is Blairgowrie a good investment?

Not right now on these numbers. Ten years at 6.05% looks great until you see five years at minus 0.33% and three at minus 2.19%. Add a 2.05% yield and you are paying to hold it.

Why is the yield so low?

Holiday houses. A lot of Blairgowrie stock is used by its owners or let seasonally rather than on a twelve month lease, so the rent relative to the price sits well below what a suburban house does.

Are there apartments in Blairgowrie?

Effectively none. There is no unit market big enough to report on, which is unusual and tells you exactly what kind of place it is.

Other Melbourne suburbs

Same treatment, same data, different answer in every one of them.

Thinking seriously about Blairgowrie? Read the full Mornington Peninsula council report before you look at a single listing.

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