Skip to content

The Most Affordable Towns for Young People on the Mornington Peninsula

Affordable suburbs on the Peninsula

For young people looking to establish themselves on the Mornington Peninsula, finding the right town can make all the difference.

With its stunning coastal landscapes, vibrant communities, and an array of amenities, the Peninsula offers plenty of options for young residents seeking a combination of affordability, convenience, and lifestyle appeal.

Here are five of the best towns for young people on the Mornington Peninsula:

Rosebud: Top of the List

As one of the largest towns on the Peninsula, Rosebud offers young people a bustling coastal lifestyle with a range of amenities and attractions.

With its beautiful beach, vibrant shopping precincts, and lively entertainment scene, Rosebud provides young residents with plenty of opportunities for work, leisure, and socialising.

Whether you’re enjoying a day at the beach, exploring the local markets, or dining out at one of the area’s many restaurants and cafes, Rosebud has something to offer everyone, making it a top choice for young people on the Peninsula.

Tootgarook: Southern Peninsula at a Fair Price

Located at the southern end of the Peninsula, Tootgarook offers young people the opportunity to enjoy coastal living at a more affordable price point.

With its relaxed atmosphere, pristine beach, and proximity to Rosebud and Rye’s amenities, Tootgarook provides residents with a laid-back lifestyle without breaking the bank.

Young people can take advantage of the area’s outdoor recreational activities, explore the local cafes and boutique shops, or simply relax and soak up the sun on the sandy shores of Tootgarook Beach.

Bittern: Quiet and Nearby Shops

For young people seeking a quieter pace of life, Bittern offers the perfect blend of tranquillity and convenience.

Located inland from Western Port Bay, Bittern provides residents with a peaceful small-town setting while still being close to essential amenities and services, including a train line.

Young residents can enjoy the town’s leafy streets, nearby parks, as well as easy access to the nearby beaches and parks.

Capel Sound: Underrated and Affordable

Formerly known as Rosebud West, Capel Sound is an underrated gem for young people seeking affordable coastal living.

With its laid-back vibe, beautiful beaches, and affordable housing options, Capel Sound offers young residents the chance to enjoy all the perks of Peninsula living without the hefty price tag.

Whether you’re surfing at nearby Gunnamatta Beach, exploring the nearby national parks, or enjoying a meal at one of the local eateries, Capel Sound provides young people with a relaxed and affordable lifestyle by the sea.

Dromana: More Pricey, but Still Affordable for Some

While slightly pricier than other towns mentioned, Dromana still offers young people the opportunity to enjoy coastal living at a more affordable level compared to the Peninsula’s most expensive suburbs.

With its stunning views, trendy cafes, and boutique shops, Dromana provides residents with a vibrant and dynamic lifestyle on the beach.

Young people can take advantage of the area’s recreational activities, cultural attractions, and thriving social scene, making Dromana a popular choice for those seeking a blend of affordability and lifestyle appeal.

Some Golden Rules

  1. The Further from the Beach, the More Affordable: As a general rule, properties located further inland from the coastline tend to be more affordable for young buyers or renters. This rule excludes the hinterland area such as Red Hill and its surrounds.
  2. Some Affluent Suburbs Are Indistinguishable from their affordable neighbours: While some suburbs may have a higher median house price, young people may find that neighbouring suburbs offer similar lifestyle amenities at a more affordable price. A good example of this is the eastern side of Rosebud and McCrae, which are very similar.
  3. The Value Is in the Land: When considering property purchases, young people should keep in mind that the value often lies in the land itself, particularly in highly sought-after coastal areas where land is scarce.

What’s Next?

With its diverse range of towns and suburbs, the Mornington Peninsula offers young people several options for finding the perfect place to call home.

Whether you’re drawn to the convenience of Rosebud, the laid-back vibes of Tootgarook, or the affordable lifestyle of Capel Sound, there’s a town on the Peninsula to suit every young resident’s needs and preferences.

By considering factors such as affordability, convenience, and lifestyle appeal, young people can find their ideal slice of Peninsula paradise and enjoy all that this beautiful region has to offer.

To learn more, take a look at our articles for theĀ best places for retirees and the best places for raising a family on the Peninsula.

Secure your financial future today!