Find the top real estate agents in Mornington Peninsula

The Mornington Peninsula, also known as the Peninsula, is a lifestyle-driven market where bay beaches, surf-facing headlands and leafy hinterland blocks sit close together. Sellers here are often marketing to a mix of weekenders and second-home buyers drawn to the shorelines of Sorrento and Portsea, downsizers and families looking at the established seaside suburbs of Mornington and Mount Martha, and hobby-farm seekers headed for the quieter hinterland around Red Hill. Median prices have been broadly flat, down 0.5% on the year to $950,000, the lowest level in three years, and the median remains comfortably below the cycle high of September 2022.

Homes are selling in a median of 38 days, faster than a year ago. Auctions are clearing at 54% over the past year.⁽¹⁾ A sustained appetite for flexible living has lifted demand for larger homes and rural lots, especially in the Red Hill and Merricks hinterland where lifestyle and vineyard properties are a major draw. A steady programme of foreshore and town centre upgrades has kept the coastal strips of Mornington, Rye and Rosebud feeling refreshed, and improved commuter connections are supporting the growing, more affordable commuter corridor centred on Hastings and Somerville.

For sellers, choosing Mornington Peninsula real estate agents with local knowledge and experience and a broad reach helps when what to emphasise depends on a home's location, though clear staging and a sensible listing approach remain the most reliable ways to stand out. This is a fragmented market, with the top 3 agents handling just 6% of sales over the past year. Their median sale of $885,000 sits 6.8% below the broader area median of $950,000, which can reflect the mix of homes they list, converting 72.5% of their listings into a successful sale, 14.1 percentage points ahead of the area's 58.4%.

The average commission rate is 1.84% (around $17,000 on a median-priced home). On the peninsula, rates often increase to reflect longer campaign periods and broader marketing reach because the area includes both pricier shoreline suburbs and more relaxed rural pockets. When selecting an agent, look beyond the commission rate. Compare their specific track record in your local area, their recent sales volume, and their experience with properties similar to yours. Receive a personalised shortlist of top agents in your local area from our agent comparison tool to sell more confidently.