October 2026 data · Mornington Peninsula · VIC
Mount Eliza house prices: median price and growth
- Median house
- $1.72m ▲ +5.2% in 12 months
- Median unit
- $776k ▼ −4.2% in 12 months
The median house price in Mount Eliza is $1.72m (October 2026), up 5.2% over 12 months. Units have a median of $776k, down 4.2% over 12 months. That puts Mount Eliza above the typical Mornington Peninsula suburb ($1.54m) and number 2 of the 5 suburbs around it.
Median house price
- $2.25M+
- $2M–$2.25M
- $1.75M–$2M
- $1.5M–$1.75M
- $1.25M–$1.5M
- $1M–$1.25M
- $750K–$1M
- $500K–$750K
- <$500K
Mount Eliza price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $1.72m | ▲ +1.2% | ▲ +2.4% | ▲ +5.2% |
| Unit | $776k | ▲ +3.5% | ▲ +8.2% | ▼ −4.2% |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Mount Eliza compared with nearby suburbs
Suburbs within about 1 km of Mount Eliza, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Moorooduc | $2.35m | ▼ −4.3% | ▼ −9.7% | ▲ +14.6% | – | – | – | – |
| Mount Eliza | $1.72m | ▲ +1.2% | ▲ +2.4% | ▲ +5.2% | $776k | ▲ +3.5% | ▲ +8.2% | ▼ −4.2% |
| Frankston South | $1.23m | 0.0% | ▲ +0.7% | ▲ +4.7% | $838k | ▲ +0.4% | ▲ +0.5% | ▲ +9.5% |
| Mornington | $1.18m | ▼ −1.7% | ▲ +3.7% | ▲ +7.3% | $761k | ▼ −4.6% | ▼ −3.1% | ▲ +0.1% |
| Baxter | $750k | ▼ −2.3% | ▼ −4.2% | ▼ −1.3% | $695k | – | – | – |
Living in Mount Eliza
From the 2021 ABS Census: Mount Eliza against the Mornington Peninsula council area and VIC. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Mount Eliza | Mornington Peninsula (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 18,734 | 168,816 | 6,503,500 |
| Median age | 45 | 49 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 22.3% | 17.7% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $2,547/wk | $1,468/wk | $1,856/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 8.4% | 18.7% | 28.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Mount Eliza, its council and VIC
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Mount Eliza?
The median house price in Mount Eliza was $1.72m in October 2026, up 5.2% on a year earlier. The typical Mornington Peninsula suburb median was $1.54m.
What is the median unit price in Mount Eliza?
The median unit price in Mount Eliza was $776k in October 2026, down 4.2% over 12 months.
Is Mount Eliza more expensive than nearby suburbs?
Of the 4 neighbouring suburbs with a median house price, 1 is dearer than Mount Eliza and 3 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.