Mornington Peninsula Steady Price Growth
Mornington Peninsula: sales remained steady with some parts of the region producing strong results throughout the cooler months. The lack of supply caused a spike in prices for good quality properties in the lower to middle ranges while satisfactory results are being achieved in the upper and prestige markets. Although demand has remained solid and stock in short supply, price growth overall has been steady rather than spectacular; a trend which is expected to continue for the foreseeable future.
The Inside Line, Market Line Opteon, Edition 3/2009