Mornington Peninsula suburbs where house prices plunged by double digits | NYGazet

Sought-after neighbourhoods are cheaper than a year ago, but prices in other locales have defied the downturn.

Affordable suburbs on the Mornington Peninsula have risen in price while high-end enclaves take a dive, as workers return to the office and first home buyers make their move. Upmarket Sorrento, which has a median house price of $1.75 million, registe... [511 chars]