October 2026 data · Mornington Peninsula · VIC
Portsea house prices: median price and growth
- Median house
- $2.33m ▼ −41.1% in 12 months
- Median unit
- –
The median house price in Portsea is $2.33m (October 2026), down 41.1% over 12 months. That puts Portsea above the typical Mornington Peninsula suburb ($1.54m) and the dearest of the 2 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
Portsea price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $2.33m | ▼ −20.8% | ▼ −18.4% | ▼ −41.1% |
| Unit | – | – | – | – |
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.
Portsea compared with nearby suburbs
Suburbs within about 1 km of Portsea, dearest house median first. Select a column heading to sort.
Living in Portsea
From the 2021 ABS Census: Portsea 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 | Portsea | Mornington Peninsula (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 787 | 168,816 | 6,503,500 |
| Median age | 68 | 49 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 11.8% | 17.7% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $2,470/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 | 6.7% | 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 Portsea, 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 Portsea?
The median house price in Portsea was $2.33m in October 2026, down 41.1% on a year earlier. The typical Mornington Peninsula suburb median was $1.54m.
Is Portsea more expensive than nearby suburbs?
Of the 1 neighbouring suburbs with a median house price, 0 are dearer than Portsea and 1 is 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.