Portsea is the most expensive suburb on the Mornington Peninsula. Its median house price sits at roughly $2.8 million to $2.9 million, depending on the source. Sorrento ranks next, at about $1.8 million.
Median house prices at a glance
| Suburb | Median house price | Source |
|---|---|---|
| Portsea | $2,850,000 | Jellis Craig, August 2026 |
| Portsea | $2,935,000 | realestate.com.au data via Canstar, July 2025 to June 2026 |
| Sorrento | $1,842,500 | Jellis Craig, August 2026 |
| Blairgowrie | $1,470,000 | Jellis Craig, August 2026 |
| Rye | $960,000 | Jellis Craig, August 2026 |
Portsea at the top
Portsea also ranks first in Australia for average taxable income in ATO data for 2023 to 2024, at $321,988. The suburb is small, with 656 individuals in that dataset.
Why the figures differ
Reports use different periods, different sales and different methods. A single sale can also shift the median in a small suburb. Treat each number as a guide, and check a current report before you rely on it.
Sorrento, Blairgowrie and Rye
Sorrento's median sits about $1 million below Portsea's. Blairgowrie and Rye step down again, and Rye is the lowest of the four, at $960,000 in the Jellis Craig report.
How to check current prices
- Open a recent suburb report from a major agency.
- Compare at least two sources.
- Look at the sales period and the number of sales behind each median.
- Separate house prices from unit prices.
Questions people ask next
Is Portsea more expensive than Toorak?
No, on median house price. Toorak and Hawksburn sit at $4,675,000 in the Canstar figures, against $2,935,000 for Portsea.
Is Mornington itself expensive?
This article does not cover the town of Mornington, because no verified figure was found.
Related questions
Planning a visit?
Start from the travel guide, then pick the question that matches your plan.
Browse all guides