The Mornington Peninsula has stepped into 2025 with renewed optimism, underpinned by solid buyer activity, improved sentiment and encouraging results across the board. Our strategic, data-led approach to sales and marketing continues to deliver strong outcomes for clients, and the early signs this year suggest the market is building.
In the wake of recent interest rate cuts, we have seen a noticeable upswing in buyer activity, translating into a solid increase in sales volumes. This shift has provided a welcome boost to market confidence.
Accurate pricing remains crucial, with those properties priced strategically from the outset drawing early attention and faster results. After sharp growth over the past five years, house prices softened slightly in late 2024. However,
demand remains strong for well presented homes.
Entry-level suburbs such as Dromana, Rosebud, Rye and Capel Sound continue to attract first-home buyers. At the premium end, homes in Portsea, Sorrento and Blairgowrie are commanding outstanding results. Across the Peninsula, newly built and recently renovated homes remain in high demand, often selling before or shortly after coming onto the market.
Challenges remain for owners who purchased at the peak of the market, particularly on the Southern Peninsula, where rising rates have made it harder to recover initial outlays. However, further interest rate cuts are expected to support price growth and encourage more confident selling conditions.
