Geelong and the Mornington Peninsula are Victoria’s two most popular sea-change investment destinations in 2026. Both have surged in demand post-COVID as remote work enabled Melbourne buyers to trade inner-city density for lifestyle. Both have Herron Todd White rated as rising markets in March 2026. But they serve very different investment strategies.
| Metric | Geelong | Mornington Peninsula |
|---|---|---|
| Median House Price | $780,000 | $820,000 |
| Gross Yield (House LT) | 4.1% | 3.8% |
| Gross Yield (Short Stay) | 4.8% | 7.1% |
| 5-Year Growth | 38% | 48% |
| Fast Rail to CBD | Yes (under 50 mins) | No |
| GeeVee Score | 7.8/10 | 7.4/10 |
GeeVee Verdict
Geelong wins on long-term rental yield and rail connectivity. The Mornington Peninsula wins on short-stay yields and five-year capital growth. A dual strategy holds both. Geelong for stable long-term rental income with capital growth from fast rail. Peninsula for short-stay premium returns and lifestyle premium.
Access off-market properties in Geelong and the Mornington Peninsula through the Collings Property Platform. Join free at collings.com.au/portal
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
