Selling a holiday home in 2026 involves navigating increased supply and downward price pressure caused by the Short Stay Accommodation Levy and higher Emergency Services Levy costs for non-principal residences. Permanent residences remain more stable, supported by a tight 0.6% vacancy rate and strong owner-occupier stability. The primary divide in the 2026 market is regulatory. […]
Private treaty is the dominant sale method on the Mornington Peninsula, particularly for properties priced above $1.5 million. While listing volumes and appraisals increased significantly through late 2025 and early 2026 (Raine & Horne), RBA rate hikes in February and March 2026 have dampened buyer urgency (Domain). The Sorrento and Portsea markets are currently navigating
Melbourne buyers remain active on the Mornington Peninsula, particularly in the premium segment where properties above $1 million continue to sell well and often exceed expectations (Barry Plant Dromana, early 2026). While some coastal suburbs, including Sorrento, saw median house price drops of up to -3.2% (Barry Plant Dromana, early 2026), the broader region is
Rye and Rosebud are currently experiencing a market adjustment following the COVID-era boom, with house prices down between -2.73% and -4.11% depending on the source (CoreLogic/OpenAgent, early 2026). However, the broader Mornington Peninsula is in an “Accelerating Growth” phase (HtAG Analytics, March 2026), suggesting potential for renewed momentum. Increased listings from short-stay investors impacted by
Prestige property values in Sorrento and Portsea have experienced a moderate correction in early 2026, with median house prices recording drops of up to -3.2% (Barry Plant Dromana, early 2026) alongside broader Peninsula adjustments. However, demand remains resilient, driven by a dual buyer pool of permanent residents and Melbourne-based weekender/holiday home buyers. While the peak-COVID
Yes, houses are still selling in Rye, Sorrento, Rosebud and Portsea in April 2026, though the market is adjusting from the rapid growth experienced during the COVID period. Median house prices across these suburbs have seen drops of up to -3.2% (Barry Plant Dromana, early 2026), with properties taking approximately 36–38 days to sell (HtAG
