Selling on the Mornington Peninsula

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