Abode Peninsula Market Update - March 2021
Welcome to another edition of the Abode Peninsula monthly market update, as we enter Autumn there are no signs of the Mornington Peninsula property market slowing down! Please watch the video below for a full update on the local property market or contact any member of the Abode Peninsula real estate team to discuss your property needs.
The past 12 months have shown solid growth across the local property market with most of the median property prices enjoying a strong increase. We've also noticed strong demand in the rental market with a high number of tenants relocating from the city and beyond.
| MORNINGTON | MEDIAN PRICE MARCH 2020 | MEDIAN PRICE MARCH 2021 | CHANGE |
| HOUSE | $842,500 |
$900,250 |
$57,750 |
| UNIT |
$635,500 |
$645,000 | $9,500 |
| MOUNT MARTHA | |||
| HOUSE | $1,003,500 | $1,125,000 | $121,500 |
| UNIT | $654,750 | $656,250 | $1,500 |
| MOUNT ELIZA | |||
| HOUSE | $1,200,000 | $1,335,000 | $135,000 |
| UNIT | $600,00 | $635,000 | $35,000 |
| SAFETY BEACH | |||
| HOUSE | $810,000 | $860,000 | $50,000 |
| UNIT | $555,000 | $702,500 | $147,500 |
| MCCRAE | |||
| HOUSE | $810,000 | $1,000,000 | $190,000 |
| UNIT | $732,000 | $582,500 | -$149,500 |
Source: realestate.com.au as at 1 March 2021
Data supplied by PropTrack
The median sales information is current as at the publication date only. The median sales information is based on Third Party Content (within the meaning of our website terms of use). realestate.com.au Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.
