Portsea, VIC 3944
Mornington Peninsula Shire CouncilAll suburbs in postcode 3944
Updated
Median house price
$2,825,000
Median · Land Victoria · the latest published quarter (updated May 2026)
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Portsea at a glance
- Median unit
- $444,240
- Weekly rent
- $570
- Houses · units $478
- Population
- 787
- Median age 68
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Portsea
Houses change hands at $2,825,000 on a typical sale, well above the Victoria median. Units come in around $444,240, roughly 84% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $565,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in Portsea
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What to know about Portsea
Portsea (3944) sits in the Mornington Peninsula region of Victoria. The median house here is $2,825,000, well above the Victoria median of around $850K.
Portsea has roughly 787 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Portsea scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 24°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 603 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 3 government primary, 2 Catholic.
Schools in Portsea
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 5/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Portsea's population at 787, with a median age of 68. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (91% own, 7% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (65% family households, 35% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 65%
- Lone person
- 35%
- Owner occupied
- 91%
- Renter occupied
- 7%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 1.05% (median rent $570/wk against a $2,825,000 price tag). Units yield 5.60% gross, often the better cash-flow play for first-time investors. Renter share is modest (7%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 1.05%
- On the $2,825,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 5.60%
- On the $444,240 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
31 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 603 mm
- Hottest month, avg max
- 23.9°C
- Coldest month, avg min
- 7.1°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Portsea
- What is the median house price in Portsea?
- The median house price in Portsea, VIC 3944 is $2,825,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $444,240.
- How much is my house worth in Portsea?
- A useful starting point is the Portsea median house price of $2,825,000 (units $444,240). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Portsea a good investment?
- On the published figures, the gross rental yield on houses in Portsea is 1.0%: the median weekly house rent is $570 (Victorian rental report, September 2025) against the median house price of $2,825,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Portsea: the Land Victoria figures we hold do not measure one. Whether Portsea is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Portsea postcode?
- Portsea is in the 3944 postcode, in VIC, in the Mornington Peninsula Shire Council region.
- Where is Portsea?
- Portsea is a suburb in the Mornington Peninsula Shire Council area, VIC 3944.
- What is the average rent in Portsea?
- The median weekly rent for houses is $570, for units it's $478.
- What schools are in Portsea?
- There are 5 schools serving Portsea on this page, including St Joseph's School, Sorrento Primary School, St Aloysius' School.
- How walkable is Portsea?
- Portsea has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 5.
- What suburbs are near Portsea?
- Portsea is close to Sorrento, Blairgowrie, Swan Island, Queenscliff, Point Lonsdale.
- What is the population of Portsea?
- The population of Portsea is approximately 787 (2021 Census). The median age is 68.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.