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The Wealthiest Towns on the Mornington Peninsula

Red Hill is one of the most wealthy towns on the Mornington Peninsula

The Mornington Peninsula, known for its picturesque landscapes and coastal charm, is home to some of Victoria’s most affluent suburbs.

From luxurious seaside villages to idyllic rural retreats, these suburbs offer a lifestyle of elegance and tranquillity.

Let’s explore the most wealthy suburbs on the Mornington Peninsula and what makes them stand out.


Portsea is synonymous with prestige and luxury. Nestled at the tip of the Mornington Peninsula, this coastal suburb boasts some of the most expensive real estate in Victoria.

Its pristine beaches, exclusive golf courses, and stunning clifftop mansions make it a magnet for the wealthy. Portsea’s relaxed atmosphere, combined with its vibrant social scene, attracts affluent families and high-profile individuals seeking a serene yet upscale lifestyle.


Flinders offers a blend of rural charm and coastal beauty. Known for its rolling hills, boutique wineries, and breathtaking ocean views, Flinders is a haven for those seeking a peaceful and luxurious retreat.

The suburb’s historic architecture and quiet streets add to its allure. Affluent residents are drawn to Flinders for its exclusivity, natural beauty, and proximity to world-class golf courses and gourmet dining options.


Sorrento is a historic coastal town renowned for its elegant heritage buildings, bustling main street, and beautiful bay beaches.

This suburb combines old-world charm with modern luxury, offering residents a unique blend of culture and convenience.

Sorrento’s high-end boutiques, gourmet restaurants, and picturesque coastline make it a popular choice for wealthy retirees and second-home owners looking for a sophisticated seaside escape.

Mount Eliza

Mount Eliza is a prestigious suburb known for its expansive blocks, cliff-side vistas, and family-friendly environment.

Situated on the eastern shore of Port Phillip Bay, it offers stunning bay views and easy access to Melbourne’s CBD. The suburb’s top-rated schools, private beach access, and vibrant village atmosphere attract affluent families seeking a blend of suburban tranquillity and urban convenience.

Mount Eliza’s prestigious estates and gated communities add to its exclusive appeal.

Red Hill South

Red Hill South is the heart of the Mornington Peninsula’s wine country.

This rural suburb is famous for its vineyards, gourmet food, and artisanal produce. Wealthy individuals are drawn to Red Hill South for its expansive properties, stunning views, and relaxed rural lifestyle.

The area’s luxury retreats and fine dining establishments make it a popular destination for those seeking a countryside haven with a touch of sophistication.

Point Leo

Point Leo is a laid-back surf town that offers a unique blend of coastal living and natural beauty.

Known for its uncrowded beaches and excellent surf conditions, Point Leo attracts affluent surfers and nature enthusiasts.

The town’s large beachfront properties and secluded atmosphere provide a perfect retreat for those seeking a quieter, more relaxed lifestyle away from the hustle and bustle of the city.

Cape Schanck

Cape Schanck is renowned for its rugged coastal scenery and iconic lighthouse. This suburb offers a tranquil escape with its pristine beaches, golf courses, and luxury resorts.

Cape Schanck’s stunning clifftop properties and panoramic ocean views make it a desirable location for wealthy individuals seeking an exclusive coastal retreat. The area’s natural beauty and outdoor recreational opportunities add to its appeal.

The Mornington Peninsula’s wealthiest suburbs offer a unique lifestyle, combining luxury, natural beauty, and exclusivity.

Whether you prefer the coastal charm of Portsea and Point Leo, the rural elegance of Flinders and Red Hill South, or the family-friendly Mount Eliza, these suburbs provide an exceptional standard of living for those who can afford it.

Secure your financial future today!