PENINSULA
MORNINGTON PENINSULA MARKET REVIEW WITH ADRIAN CALCEDO
In Mount Eliza and surrounding parts of the Mornington Peninsula, the most successful campaigns this quarter have been those leveraging online Expressions of Interest and private sales. These formats have resonated with buyers seeking convenience, privacy, and transparency. While auctions are still used selectively, the broader trend continues to favour digitalfirst approaches.
Family buyers remain highly active, with strong demand for homes close to reputable schools, parks, and lifestyle amenities. Properties within walking distance of the village or beach have attracted particular interest, contributing to competitive conditions and upward pressure on prices in key locations. The preference for low-maintenance, ready-to-enjoy homes is also apparent, with buyers increasingly steering away from renovation projects in favour of finished products. This is helping to sustain strong interest in updated homes on generous blocks, especially those with multiple living zones or outdoor entertaining spaces.
Looking ahead, the market outlook remains optimistic. Even with broader economic shifts, interest in Mount Eliza’s lifestyle appeal remains steady. Continued infrastructure improvements and regional investment are likely to support future demand. As spring approaches, we expect increased stock levels and strong engagement from buyers aiming to secure a home before the year-end.
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Befitting its coveted Esplanade location opposite the secluded beauty of Fossil Beach and Coral Cove, this brand-new lavishly appointed bespoke four-bedroom, two-bathroom Mornington residence celebrates the utmost in luxurious coastal living and impressive entertaining with captivating Bay views as a breathtaking backdrop, and a sanctuary like alfresco space with heated swimming pool.
