SUMMER MARKET REVIEW
2024/2025
THE TEAM
BEN KENYON DIRECTOR
SHEREE HAY SALES EXECUTIVE
JOE FALZON DIRECTOR
JOHN KING LICENSED ESTATE AGENT
AARON LANG SALES EXECUTIVE
The Mornington Peninsula property market experienced a typical summer uptick in listings and buyer interest during 2024/2025, but the anticipated surge was tempered by widespread anticipation of interest rate reductions. While the market saw a noticeable increase in available properties, buyer activity remained somewhat subdued until midFebruary, when a 25-basis-point rate cut finally materialized.
This initial rate drop appears to have injected renewed confidence into the market, with a gradual increase in buyer engagement signaling a potentially strong autumn sales season. The delay in the expected summer boom has created a unique window of opportunity. Post-COVID boom price adjustments have left Mornington Peninsula properties offering considerable value, attracting a diverse range of buyers.
Empty nesters, investors, and those seeking a sea change are increasingly active, driven by the prospect of further interest rate cuts and the current favorable pricing. Sellers are also positioned advantageously, as competition for available properties intensifies. The combination of improved affordability and growing buyer confidence suggests a dynamic period for the Mornington Peninsula real estate market in the coming months.
CLIENT REVIEWS
“ Ben was extremely professional in our dealings, in particular with honest appraisal of property valuation in a challenging market. Throughout the sales process keeping me informed on open for inspection feedback and buyer feedback to understand a reasonable achievable price that enabled a quick sale when other properties have stagnated for many months on the market. I will recommend Ben and his team to not only sell a property but also manage rental property.” - Seller, Rye
“ Joe was extremely professional and friendly. Every step of the way Joe was respectful and his understanding of the market along with his approach to selling our property was matched by his insight and honest feedback. Joe didn’t give an unrealistic value or time frames when we first sat down to discuss selling, resulting in a very good experience during a difficult time. We highly recommend Joe and his team as they go above and beyond expectations.” - Seller, Rosebud
“ Aaron was amazing and an absolute pleasure to work with. He is honest, transparent, always friendly & courteous yet professional. I was impressed with his knowledge of the market & selling strategy that best suited our property. He is an excellent communicator, responding to my endless queries in a promptly manner & keeping us informed every step of the process. His work ethic & willingness to put in the extra effort was very noticeable & was the difference in achieving the outstanding result.” - Seller, Tootgarook
“ I found John to have great knowledge of the area as he also lives in the vicinity, which us comfort and piece of mind that we were getting the right price for 55 / Eighth Avenue, Rosebud. We discussed a price with John which turned out to be the approximate figure we were after - great win for everyone.” - Seller, Rosebud
“ I would not trust anyone else but Sheree..apart from being my agent, she is also a great friend who calmly guides you through the stress of selling a house, whether the market good, or bad, it does not matter, she puts in the personal care and communication from someone understanding in all aspects of a beautiful human being that she is” - Seller, Rye
Curious to know what your home is worth?
Stockdale & Leggo Mornington Peninsula are experts when it comes to the local property market and would be more than happy to provide you with an honest, no obligation estimate of your property’s current market worth.
