Mount Eliza
Suburb profile, market snapshot and recent listings for Mount Eliza, VIC 3930.
About Mount Eliza
Welcome to Mount Eliza
Mount Eliza sits on the Mornington Peninsula, roughly 40 kilometres south-east of Melbourne's CBD, perched on the elevated, tree-lined ridge above Port Phillip Bay. It's long been one of the peninsula's most sought-after addresses, prized for its bushland setting, big blocks and a sense of privacy that's increasingly hard to find so close to the water.
The suburb attracts families and professionals who want space, established gardens and good schools without giving up easy access to the bay and the freeway south to the rest of the peninsula. With a median age of 45 and a population of 18,734, it has the settled, established feel of a community where people tend to put down roots rather than move on quickly.
Lifestyle & dining
Life in Mount Eliza revolves around its village-style centre, where cafes and specialty shops draw a steady stream of locals rather than passing tourist traffic. The surrounding tree canopy and quiet, winding streets give the suburb a semi-rural feel that's rare this close to Melbourne, while the short drive down to Mount Eliza's own foreshore and on to Mornington's waterfront restaurants and wineries extends the lifestyle appeal well beyond the suburb's borders.
It's a suburb that suits people who want a slower pace without sacrificing quality - long lunches, coastal walks and weekend markets feature more heavily than nightlife, and that's very much the point for most who choose to live here.
Schools & families
Education is one of Mount Eliza's strongest drawcards. Peninsula Grammar and Toorak College are both well-regarded independent schools based in the suburb, drawing families from across the peninsula, while Kunyung Primary School, Mount Eliza North Primary School and Mount Eliza Primary School provide solid government options for younger children. Mount Eliza Secondary College rounds out the local offering, meaning families can often stay within the suburb from prep through to year 12.
This depth of schooling, combined with generous block sizes and a quiet, low-density streetscape, makes the suburb a natural fit for families planning for the long term.
Getting around
Mount Eliza doesn't have its own train station, so most residents rely on car travel, with EastLink and the Mornington Peninsula Freeway providing a reasonably direct run into Melbourne and quick access down the peninsula toward Mornington, Mount Martha and Sorrento. Bus services connect the suburb to Frankston, where the metro rail line into the city begins, and Frankston also serves as the nearest major retail and services hub.
Neighbouring Frankston South acts as a natural extension of Mount Eliza's community, with many residents crossing between the two for schools, sport and shopping.
Housing & architecture
The housing stock in Mount Eliza is overwhelmingly detached, with houses making up 86% of current listings against just 4% apartments or units, 9% land and 1% townhouses. Expect a mix of established brick-veneer homes on generous, leafy blocks alongside newer architect-designed builds that take advantage of the suburb's elevation and bay glimpses; larger landholdings and pockets of native bushland are also part of the appeal.
Buyers after low-maintenance living are better served by the smaller apartment and unit pockets near the village centre, though these make up only a small slice of the market compared with the suburb's traditional family homes.
The property market
Mount Eliza's median house price currently sits at $1.72 million, having grown 7.0% recently, a reflection of sustained demand for the suburb's space, schools and lifestyle. Units and apartments offer a considerably more accessible entry point at a median of $708,000, appealing to downsizers and buyers priced out of the detached housing market. Median rent across the suburb is $1,188 per week.
With houses dominating the listing mix and land and apartment stock relatively scarce, competition for well-located family homes remains a defining feature of the local market, particularly for blocks close to the village and the better-regarded school zones.
Market snapshot
Mount Eliza property market
Median sale price
$1.72m
House · 4 bed
Median rent
$1,188
per week
Gross rental yield
3.6%
annual rent ÷ sale price
Typical price range
Entry
$1.18m
Median
$1.72m
Premium
$3.78m
Days on market
53
Auction clearance
0%
Sold this year
136
Median sold price trend · House 4 bed
Compound growth -1.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Mount Eliza by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Mount Eliza, VIC 3930.
Population
18,734
residents (2021)
Median age
45
years
Household income
$2,547
median, per week
Median rent
$512
per week
Median mortgage
$2,600
per month
Mortgage / income
24%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Mount Eliza
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Mount Eliza
$1.45m
237 Canadian Bay Road
Sold ~July 2026
$950k
4/13-15 Ranelagh Drive
Sold ~July 2026
$1.18m
41 Mountain View Road
Sold ~July 2026
$1.65m
88 Winona Road
Sold ~July 2026
$1.67m
84 Winona Road
Sold ~July 2026
$1.20m
72 Volitans Avenue
Sold ~July 2026
$1.85m
30 Koetong Parade
Sold ~July 2026
$915k
2/23 Dalsten Grove
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Mount Eliza
Compare the area
Price map around Mount Eliza
Every listing for sale near Mount Eliza, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Mount Eliza suburb FAQ
What is the median property price in Mount Eliza?
The median house price in Mount Eliza, VIC is $1.72m for a 4-bedroom home. Over the past year, median sold prices have risen about 7.0%.
How much is rent in Mount Eliza?
The median weekly rent in Mount Eliza is around $1,188 per week.
Is Mount Eliza a good place to live?
Mount Eliza is an established residential suburb in VIC, with a population of around 18,734 and 6 schools in the area.
What is the population of Mount Eliza?
Mount Eliza has a population of 18,734 (ABS 2021 Census), with a median age of 45.
What schools are in Mount Eliza?
There are 6 schools in or near Mount Eliza, including Peninsula Grammar, Toorak College and Kunyung Primary School.
How long do homes take to sell in Mount Eliza?
Properties in Mount Eliza take around 53 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Mount Eliza?
Entry-level properties in Mount Eliza start around $1.18m, while premium homes reach $3.78m.
What suburbs are near Mount Eliza?
Suburbs near Mount Eliza include Frankston South.
Fresh to market
New this week in Mount Eliza
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Properties in Mount Eliza
~ Golden Mile Luxury with Designer Distinction ~
Sophisticated downsizing in Mt Eliza's coveted Golden Mile
Resort-Style Living with Panoramic Views
Resort-Style Living with Multiple Living Zones, Pool, Spa & Tennis Court
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A Peaceful Escape with Room to Grow
