Marshall White - Market Update Report - Issue 2, 2024: Team Gibson - Mornington Peninsula

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Feature Property

Mornington Peninsula with Team Gibson

Chelsey Gibson 0409 277 997 chelsey.gibson@marshallwhite.com.au Tristan Wyse 0416 516 936 tristan.wyse@marshallwhite.com.au

This past quarter has seen an increase in buyer activity driven by well-executed Expression of Interest (EOI) campaigns. These campaigns have proven effective in creating a sense of urgency and encouraging potential buyers to take action. Turnkey properties have continued to be highly sought-after, with buyers showing a strong preference for homes that require little to no renovation work.

The convenience and immediate liveability of these properties have made them highly attractive to buyers looking for a seamless transition into their new home. As always, location remains a crucial factor, with properties situated in close proximity to shops, cafes, schools, and public transport commanding significant attention and achieving strong sales results.

The Mornington Peninsula's property market is set to remain stable, driven by its ongoing appeal and lifestyle drawcards, which is expected to support longterm resilience. Mornington Peninsula April - July 359 45 $ 1,868,349 $ 1,949,189 $ 4,560,000 $ 87,713,500

Curated architectural features and indulgent finishes define the coastalinspired contemporary splendour and lavish liveability of this brandnew four-bedroom, 3.5-bathroom residence further enhanced with a stunning decked and travertine private alfresco entertaining zone featuring a mosaic tiled mineral spa pool.

This captivating and luxurious boutique resort-style 6-bedroom, 4bathroom Beleura Hill beauty inspires blissful multi-generational family living and entertaining, effortless guest hosting, and lucrative holiday renting.

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