Victoria's high-end coastal holiday homes have been sold for substantial amounts, including a record $30 million for a clifftop mansion in Sorrento in 2021. Despite these high values, properties by the coast can be found for $1 million or less.
Market Overview
The most expensive coastal area in Victoria is Sorrento, located on the Mornington Peninsula. Data for the 12 months leading up to September indicates a median house price of $1.75 million in Sorrento.
In contrast, Dromana, another coastal location, registered a median house price of $950,000 during the same period, offering more affordable options within the region.