Feature Property
Mornington Peninsula with Team Gibson
Chelsey Gibson 0409 277 997 chelsey.gibson@marshallwhite.com.au
Tristan Wyse 0416 516 936 tristan.wyse@marshallwhite.com.au
January to March saw renewed confidence in the Mornington Peninsula property market, with increased buyer activity driven by improved sentiment and an adjustment to the RBA interest rate. Private sales and Expressions of Interest remained the most common sales methods, particularly for unique properties or those featuring amenities like tennis courts. While demand remained steady, supply levels were high, offering buyers greater choice.
Homes priced under $1.5 million, as well as original family homes and fully renovated properties, continued to perform well. Buyers, primarily in their mid-30s, prioritised low-maintenance, move-in-ready homes, while vendors were largely retirees looking to downsize. The Peninsula lifestyle remained a key draw, with proximity to beaches, shops, and Nepean Highway influencing purchasing decisions.
Looking ahead, market conditions are expected to strengthen over the next six to eight months. Interest rates are trending downward, which is likely to encourage more buyers into the market. Additionally, with a federal election on the horizon, potential policy changes may impact investment decisions. As confidence continues to build, demand for wellpositioned homes is likely to remain strong, presenting promising opportunities for both buyers and sellers in the coming months. Mornington Peninsula January - March
2,244,365
7,200,000 $ 85,285,888
Custom-designed for impressive entertaining and effortless family living, a high-end complete transformation has elevated this builder’s own four-bedroom Beleura Hill property to next-level brilliance. Set on a large block of 1200sqm* in a tranquil tree-lined cul-de-sac, the stylish contemporary double-storey home offers plenty of curb appeal, with landscaped native gardens and a sculptural entrance arbour.
Befitting its elevated Beleura Hill location that showcases breathtaking vistas across Mornington town, the harbour, and the blue expanse of Port Phillip Bay, this magnificently restored and rejuvenated circa-1940s four-bedroom weatherboard family home will captivate with its modern-Hamptons style aesthetics, resort-style heated swimming pool, and glorious garden setting.
