Sorrento Property Market & Buyers Agents 2026

The Sorrento property market is one of Australia's most resilient and prestigious, characterised by high entry prices and robust long-term capital growth. As of May 2026, the median house price sits around $1.80 million, with units at approximately $920,000. The market has shown a modest annual growth of around 1.0%, indicating stability after a period of more rapid escalation. This price resilience is underpinned by tight supply and enduring demand. Properties in Sorrento are held for an average of 13 years, significantly longer than metropolitan averages, which severely restricts the number of homes available for sale at any given time. This scarcity, coupled with strong buyer interest from affluent families, holiday home seekers, and retirees, creates a competitive environment where quality listings are quickly absorbed, often through off-market transactions. The demand is driven by the suburb's unique lifestyle offering: access to both calm bay beaches and dramatic surf coasts, a sophisticated retail and dining precinct, and a sense of exclusivity. The rental market, while not offering high yields at around 2.

3%, is stable, supported by a low vacancy rate and demand for both long-term leases and lucrative short-term holiday lets. The significant gap between property values and rental returns positions Sorrento firmly as a capital growth-oriented market rather than a cash-flow play. Recent infrastructure developments, such as the new $30 million Searoad Ferries terminal, enhance the suburb's connectivity and amenity, further cementing its status as a premier destination. While the market is sensitive to broader economic shifts and interest rate movements, its blue-chip status and the high net worth of its typical buyer provide a strong buffer against significant downturns. For investors, the thesis is clear: Sorrento is a long-term hold for capital appreciation, where the intrinsic value of land and lifestyle is the primary driver of market performance.

Sorrento, the jewel of the Mornington Peninsula, offers an unparalleled coastal lifestyle approximately 90 minutes from Melbourne. Its character is a unique blend of historical grandeur and modern sophistication, with beautifully preserved 19th-century limestone buildings housing chic boutiques, art galleries, and acclaimed restaurants along the bustling Ocean Beach Road. The suburb is uniquely positioned on a narrow isthmus, providing residents with the choice of two distinct coastlines. The north-facing Port Phillip Bay side offers calm, family-friendly waters at Sorrento Front Beach and Sorrento Park, ideal for swimming, sailing, and paddleboarding. On the other side, the Bass Strait delivers the rugged beauty of Sorrento Ocean Beach, a popular spot for surfing and exploring rock pools, all part of the magnificent Mornington Peninsula National Park. Families are catered for with excellent local schools including Sorrento Primary School and St Joseph's Primary School. While there are no secondary schools within Sorrento itself, a short drive provides access to the broader Peninsula's respected colleges.

Transport is primarily car-based, with the Mornington Peninsula Freeway providing efficient access to Melbourne. The vital 788 bus route connects Sorrento to Portsea and the major hub of Frankston, where it links with the metropolitan train network. A key feature is the Searoad Ferries terminal, providing a scenic and practical vehicle and passenger link across the bay to Queenscliff and the Bellarine Peninsula. Recreation is central to the Sorrento lifestyle. The Sorrento Golf Club is a premier course, while the Sorrento Sailing Couta Boat Club is a hub of community and nautical life. The area is rich in parks and green spaces, with Sorrento Park offering stunning views and picnic facilities. The newly completed $30 million ferry terminal has further enhanced the suburb's appeal, adding world-class dining and amenities right on the water.