Mount Martha Property Market & Buyers Agents 2026

The Mount Martha property market is characterised by its premium prices and long-term capital growth profile. After a significant surge in values during the post-pandemic lifestyle property boom, the market has entered a period of more stable, sustainable growth. The median house price now sits at approximately $1.45 million, with units at around $810,000, reflecting the suburb's desirability and high-end status. Key drivers for the market include strong demand from families, professionals, and retirees seeking a sea-change without sacrificing access to Melbourne, which is just over an hour away via the Peninsula Link freeway. This demand is met with a relatively tight supply of housing stock. The area is tightly held, with an average hold period of over 11 years, which constrains the number of properties available at any given time and supports price resilience. Properties that are well-presented and in desirable locations, particularly those with bay views, continue to attract strong competition and sell quickly, with average days on market sitting around 38. The market dynamics favour long-term capital growth over short-term rental returns. Rental yields are modest, with houses yielding around 3.4%, a typical feature of high-value lifestyle suburbs where the primary investment thesis is appreciation. The high socio-economic status of the residents provides a durable demand base, insulating the market from some of the volatility seen in other areas. Recent infrastructure improvements and the ongoing appeal of the Mornington Peninsula lifestyle underpin the market's strong fundamentals. While the explosive growth phase has tempered, the market is now defined by steady demand, limited supply, and a focus on quality of life, suggesting a positive outlook for homeowners and long-term investors.

Nestled on the Mornington Peninsula's coast, Mount Martha is a sought-after suburb offering a blend of natural beauty and convenient amenities. Its lifestyle is defined by stunning beaches, most notably South Beach and Mount Martha North, which are famous for their colourful bathing boxes and safe swimming conditions. For families, the suburb is well-served by excellent schools, including the highly regarded Balcombe Grammar School (P-12), Mount Martha Primary School, and Osborne Primary School. Nearby, Mornington Secondary College and Padua College provide further options.

The area boasts abundant green space. The Briars is a historic parkland with walking trails and a wildlife sanctuary, while the Balcombe Creek Boardwalk provides a serene walk through wetlands. The Mount Martha Public Golf Course offers a scenic 18-hole course with bay views. Shopping and dining are centred around the charming village precinct on Lochiel Avenue, which features a collection of boutique shops, cafes like Milkbar & Co, and restaurants such as Mr Curtis Wine Bar. For more extensive shopping needs, the Bentons Square Shopping Centre is located on the border with Mornington. Transport is primarily car-based, with the Peninsula Link freeway providing efficient access to Melbourne, approximately 60km away. Several bus routes, including the 781, 784, and 788, connect Mount Martha to the major hub of Frankston, which provides a direct train line to the CBD.