Almost 10% of the Mornington Peninsula’s total population is UK-born migrants and this is the largest migrant group in the region. The Mornington Peninsula is predominately english with the majority of residents being Australian or UK-born migrants. New Zealand, Italian and German migrants are also common in the area. These migrant groups are also the next largest behind UK-born migrants on the Mornington Peninsula. Irish, Welsh, American, Canadian and French migrants are also smaller migrant groups in the area.
14,782 UK-born migrants live on the Mornington Peninsula within the regions total population of 164,246. This is one of the highest concentrations of UK-born expats in Melbourne and Victoria.
The area is popular with wealthy retirees and families. The Mornington Peninsula mostly consists of Managers, Professionals and Clerical/Administrative Workers.
Nepean Highway is the key road which is popular with tourists and will take you all the way to Portsea. The Mornington Peninsula Freeway is also nearby and provides for a quicker commute to Melbourne.
The closest train station is in Frankston however there are plans to electrify the train line to the Mornington Peninsula in Baxter.
The Mornington Peninsula has a median house price of above $800,000 and property prices have increased by above 8% annually. According to Moody's Analytics, the Mornington Peninsula had the highest house price growth rate in Greater Melbourne in 2017 growing by 18.4%. Similarly, units on the Mornington Peninsula also experienced the highest price growth rate in Greater Melbourne in 2017 with an increase of 17.3% The Mornington Peninsula has become the 2nd highest property price growth area across Australia in 2018 and rents are also rising. The Mornington Peninsula market is also set to continue to be in growth in 2019.