Two of the hottest suburbs on the Peninsula are Mount Martha and Mornington. Over the past decade they’ve shown an incredible amount of growth, population-wise and price-wise. So let’s take a deeper dive into why they’ve become so popular.
Mornington has exploded over the past decade and more prominently from 2014. From an average median house price of $530k to now above $830k, we’ve seen a huge influx of outside buyers looking to move down and enjoy the chilled lifestyle that the Peninsula brings.
Being just an hour from the city, Mornington is the perfect place to live your holiday escape every day. With some of the premier schools on the Peninsula located within 10 minutes, families are continuing to discover all the benefits of the beach lifestyle.
Mount Martha has also been a suburb that has exploded across the last decade. In 2014 you could find a home for just $685k. Now, the median average house price sits at $1.01 million. A huge jump in such a short space of time.
With it’s coastal village atmosphere and surrounding park and bushland, residents get the best of both worlds. It’s just a quick escape up into the hills, while also being just a stone’s throw from the beach. Many established families and couples have chosen to call Mount Martha home, thanks to this very fact.
If you’re looking to escape the hustle and bustle of the suburbs, then the Mornington and Mount Martha area could be the ideal place for you. Be sure to contact us right here at Black Fox Real Estate to help you find your perfect property!