Portsea (VIC 3944): property prices & suburb profile
Mornington Peninsula LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Portsea property prices
The typical Portsea house sold for around $3,773,000 in the year to 2025-Q4, +155.2% over 10 years and +70.8% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) |
|---|---|
| 2013 | $1,195,000 |
| 2014 | $1,305,000 |
| 2015 | $1,800,000 |
| 2016 | $1,701,000 |
| 2017 | $1,925,000 |
| 2018 | $2,180,000 |
| 2019 | $1,950,000 |
| 2020 | $2,530,000 |
| 2021 | $3,765,000 |
| 2022 | $3,825,000 |
| 2023 | $3,255,000 |
| 2024 | $3,330,000 |
| Apr 2024 | $2,830,000 |
| July 2024 | $2,775,000 |
| Oct 2024 | $4,000,000 |
| 2025 | $4,180,000 |
| Apr 2025 | $2,850,000 |
| Oct 2025 | $3,800,000 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Portsea medians by quarter
The most recent quarter on record for Portsea is 2025-Q4.
| 2025-Q4 | House | $3.80M | 11 |
| 2025-Q2 | House | $2.85M | 6 |
| 2025-Q1 | House | $4.18M | 9 |
| 2024-Q4 | House | $4.00M | 7 |
| 2024-Q3 | House | $2.77M | — |
| 2024-Q2 | House | $2.83M | — |
| 2024-Q1 | House | $3.80M | 10 |
| 2023-Q4 | House | $3.25M | — |
| 2023-Q3 | House | $3.23M | — |
| 2023-Q2 | House | $3.25M | — |
| 2023-Q1 | House | $3.38M | — |
| 2022-Q4 | House | $4.20M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Portsea
Portsea has a median age of 68 and a median household income of $2,470 a week.
- Figures labelled Portsea are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Point Nepean" and postcode 3944 both extend beyond Portsea.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Suburbs near Portsea
Portsea's typical house price of $3,773,000 is the highest of the 21 Mornington Peninsula suburbs we cover.
Balnarring 3926
$1,461,000 typical house price
Baxter 3911
$775,000 typical house price
Bittern 3918
$933,000 typical house price
Blairgowrie 3942
$1,498,000 typical house price
Capel Sound 3940
$751,000 typical house price
Crib Point 3919
$764,000 typical house price
Dromana 3936
$965,000 typical house price
Hastings 3915
$740,000 typical house price
Portsea: common questions
- How much does a house cost in Portsea?
- About $3,773,000 across the 12 months to 2025-Q4, from 33 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Portsea prices gone up?
- Prices have risen 155.2% over 10 years and moved +70.8% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- Can I see Portsea prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
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Data sources
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- [2]
- [3]
- [4]
- [5]
This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.