Average rent in Point Nepean, VIC — 2026
Point Nepean is part of the Mornington Peninsula council area and sits 64km out from the Melbourne CBD, with around 19,811 residents at the 2021 ABS Census. Renters here typically pay $376/week, which is above the Victoria median of $363/week. About 19% of households rent — the rest are owners or paying down a mortgage.
$376/wk
ABS 2021 Census median
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Suburb at a glance
- Population
- 19,811
- Median age
- 53
- Distance to Melbourne
- 64 km
- Households renting
- 19%
- Separate houses
- 96%
- Flats / apartments
- 0%
- Born overseas
- 14%
- Top occupation
- Professionals
- LGA
- Mornington Peninsula
ABS 2021
Renting in Point Nepean
Point Nepean sits close to the Victoria median, with renters typically paying $376/week — within striking distance of the state-wide $363/week baseline (ABS Census 2021). The suburb is largely owner-occupied: 77% of households own outright or with a mortgage, and only 19% rent. Housing stock is dominated by separate houses (96%), giving the suburb a settled, family-oriented character that's reflected in the median age of 53 and a population of around 19,811. The most common occupation is Professionals, and 14% of residents were born overseas. 64km from Melbourne, Point Nepean is the kind of mid-market suburb that usually sees stable rent trajectories rather than rapid spikes — though state rent indices since 2021 are worth checking against your reported figure above.
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