Free market report · Data to July 2026
Mornington Peninsula property market
Mornington Peninsula is one of the 453 council areas we track on the Australian property clock. This page is the plain-numbers read: where it sits in the cycle, who lives there, what's being built, and the suburbs inside it.
Houses · cycle position
Rising
The Mornington Peninsula house market is accelerating. Growth is building pace rather than fading, which is the phase most investors wish they had caught in hindsight.
-5% to +11%
Modelled 12-month price range
+3.8%
Modelled 12-month rent change
Units · cycle position
Rising
The unit market is accelerating. Growth is building pace rather than fading, which is the phase most investors wish they had caught in hindsight.
-5% to +11%
Modelled 12-month price range
+2.5%
Modelled 12-month rent change
The clock measures growth momentum, not price. Peak means growing fastest, not about to fall. See Mornington Peninsula on the clock.
The people
Who lives in Mornington Peninsula.
Population · ABS estimates
172,217
People (2025)
+0.2%
Growth per year, last 5 years
Population is close to flat. Demand here comes from turnover, not new arrivals.
Households · Census 2021
48
Median age
$1,555
Median household income per week
77% own or are paying off their home, 19% rent. An owner-occupier market at heart, which tends to steady prices through the cycle.
New supply
What's being approved to build.
Building approvals are tomorrow's supply. A market where approvals are falling while population grows is a market where pressure builds. The reverse deserves caution.
Dwellings approved · ABS
490 of the latest year's approvals were houses. Approvals are roughly steady year to year.
Jobs and investment
Who's working, and what's being spent.
Jobs pay mortgages and rents. Government and commercial building spend is where future jobs come from: schools, hospitals, shops and factories all get approved before they get built.
Jobs · SALM, March 2026
83,073
Employed residents
3.3%
Unemployment (national 4.2%)
4,324 more residents are in work than five years ago (+5.5%). Steady jobs growth, in line with a healthy regional economy.
Non-residential building approved · ABS
$234m
All sectors, FY26
$50m
Public sector (government projects)
| Year | Government | All non-residential |
|---|---|---|
| FY24 | $54m | $209m |
| FY25 | $57m | $279m |
| FY26 | $50m | $234m |
Public building spend has eased from its recent peak. Worth checking what was just completed versus what is next. For the named projects behind these numbers, ask for the full report below.
Inside the LGA
The suburbs of Mornington Peninsula.
We hold live snapshot data for one suburb in Mornington Peninsula. Click through for the full numbers.
| Suburb | Typical price | Rent/wk | Gross yield | 1yr growth |
|---|---|---|---|---|
| Hastings | $722,746 | $564 | 4.1% | +6% |
All 39 suburbs and localities in Mornington Peninsula
Arthurs Seat · Balnarring · Balnarring Beach · Baxter · Bittern · Blairgowrie · Boneo · Cape Schanck · Capel Sound · Crib Point · Dromana · Fingal · Flinders · Hastings · Hmas Cerberus · Main Ridge · McCrae · Merricks · Merricks Beach · Merricks North · Moorooduc · Mornington · Mount Eliza · Mount Martha · Point Leo · Portsea · Red Hill · Red Hill South · Rosebud · Rye · Safety Beach · Shoreham · Somers · Somerville · Sorrento · St Andrews Beach · Tootgarook · Tuerong · Tyabb
Free · Pulled together by hand
Want the full workup on Mornington Peninsula?
This page is the public data. The full report is the licensed feed: 10 years of prices, rents and vacancy over time, days on market, demand, and the supply pipeline, for Mornington Peninsula or any suburb in it. Same data we run for clients. I pull it and email it through, usually within a business day. No charge, and no 14-part email sequence after it.
General information only, not financial or investment advice. Cycle positions and projections are modelled LGA-level figures to July 2026 (licensed market analytics). Population and approvals are ABS estimates; employment is SALM smoothed data; income, age and tenure are Census 2021. None of it can see street quality, flood maps, zoning or the contract, which is where deals are actually won and lost. Get advice on your own situation before acting.
Data finds the area. It doesn't buy the house.
We narrow 15,000 suburbs to the top 5 for each client, then find the street and the property. If Mornington Peninsula is on your list, that's a conversation worth having early.