McCraeVIC · suburb profile

VIC 3938 · Mornington Peninsula

2021 CensusCoastal Retirement CommunityBelow AverageOwner-dominated

Daily life in McCrae is laid-back, with a strong sense of community among its residents. The suburb has a high percentage of people working from home (23.0%), which is slightly below the Victorian average. Commuting is primarily by car, with 53.6% of residents driving to work. The suburb's coastal location offers a relaxed lifestyle, appealing to retirees and those seeking a quieter environment.

Map showing the boundary of McCrae, VIC, in the MORNINGTON PENINSULA local government area.
McCrae · VIC · MORNINGTON PENINSULA
Median house price
$1.11m
12 months to August 2026
On the year
-12%
50 sales counted
Dearer than
68%
of 426 suburbs in Victoria
People
3,316
2021 Census
Median age
55
Victoria: 38

Sales · 12 months to August 2026

What property sold for in McCrae

Houses · The median house in Mccrae went for $1,115,000 over the 12 months to August 2026, dearer than 68% of the suburbs we cover. That is 12% down on the twelve months before, on 50 sales.

Most sales sit between $883,000 and $1,358,000, with the median in the middle.

Houses

$1.11m

median of 50 sales

12% down on the previous twelve months.

Dearer than 68% of the 426 suburbs we cover in Victoria.

Half sold between $883k and $1.36m.

Last sold within the past two weeks

Units

$650k

median of 5 sales

Too few sales to be reliable — treat as a rough guide

Half sold between $625k and $670k.

Last sold two to four months ago

Townhouses

$961k

median of 9 sales

Too few sales to be reliable — treat as a rough guide

Half sold between $810k and $1.02m.

Last sold two to four months ago

Land

$740k

median of 8 sales

Too few sales to be reliable — treat as a rough guide

Half sold between $643k and $960k.

Last sold within the past month

72 sales on record · data to 30 August 2026

Since 2022

How prices have moved

Houses · Houses peaked earlier in the period: $1,274,000 in 2022 against $1,115,000 today, 12.5% down.

Median price, McCrae● full year  ○ part year  ╌ no data
  • Houses
  • Units
  • Townhouses
  • Land

Dashed lines and hollow points are part years — incomplete, so a dip may only mean fewer sales have happened yet. A break in a line is a year with no published figure, not a fall to zero.

Yearly medians. A part year is incomplete, so a fall against the year before may only mean fewer sales have happened yet.
YearHousesUnitsTownhousesLand
2026 · part year$1.10m$933k
2025 · part year$1.28m$648k$988k$680k
2024$1.30m$830k
2023$1.32m$895k
2022$1.27m$860k

Quarter by quarter

QuarterMedianSalesChange
2026 Q1$1.23m19+16.7%low confidence19 sales this quarter, 17 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving.
2025 Q4$1.05m17

A change is marked low confidence where either quarter had fewer than 30 sales. The medians are real; with a handful of sales the movement between them is mostly which homes happened to change hands, not the market moving.

Last 12 months

What an extra bedroom costs in McCrae

Houses

In McCrae, over the last 12 months, a three-bedroom house has a median of $945,000 from 26 sales, while a four-bedroom house has a median of $1.31 million from 15 sales.

BedroomsMedianSales
3$945k26 · few
4$1.31m15 · few
5$1.45m5 · few

Townhouses

In McCrae, over the last 12 months, a three-bedroom townhouse has a median of $1.02 million from 5 sales.

BedroomsMedianSales
3$1.02m5 · few

Counts with fewer than five sales are left out rather than estimated, and bigger does not always mean dearer — a bedroom count with few sales can be pulled either way by the particular homes that happened to change hands.

The read

What living here is actually like

McCrae is a coastal suburb with a population of 3,316, characterized by a higher median age of 55 compared to the Victorian average of 38. The community is predominantly Australian-born, with 81.9% of residents born in Australia. The suburb has a significant proportion of couple households without children, accounting for 55.8% of families. Housing in McCrae is largely owner-occupied, with 51.9% of homes owned outright and only 15.1% rented, reflecting a stable, settled community. The suburb's income levels are below the state average, with a median household weekly income of $1,433 compared to Victoria's $1,759.

Buyer fit

Who this suburb suits

One score per buyer type, out of 100, built from the demographic, housing and commute profile. Strongest first.

Buyer-fit score

McCrae · 0–100

Retirees85
Professionals65
Families60
First home buyers55
Investors50
Show data table
Buyer typeScore
Retirees85
Professionals65
Families60
First home buyers55
Investors50

Why retirees score highest

The signals doing the work

  • High median age of 55
  • Predominantly owner-occupied housing
  • Relaxed coastal lifestyle
  • High percentage of couple households without children

Against the state

How McCrae differs from Victoria

Every bar is this suburb. The vertical tick is the Victorian figure — the gap between them is the story.

Bachelor’s degree or higher22% · VIC 29.2%
-7.2% against the state
Median household income, weekly$1,433 · VIC $1,759
$-326 against the state
Work from home23% · VIC 25.7%
-2.7% against the state
Rented dwellings15.1% · VIC 28.5%
-13.4 points against the state — renter-heavier than most of Victoria
Travel to work by public transport0.8% · VIC 8.9%
-8.1% against the state

Housing & movement

What’s built here, and how people leave in the morning

Dwelling mix

Share of occupied private dwellings

Apartments 0.6%Separate houses 93.0%Townhouses 6.1%
Show data table
Dwelling typeShare
Apartments0.6%
Separate houses93%
Townhouses6.1%

How people get to work

Method of travel, 2021 Census

Worked from home 23.0%Drove a car 53.6%Public transport 0.8%Walked only 0.9%Car passenger 2.8%
Show data table
MethodShare
Worked from home23%
Drove a car53.6%
Public transport0.8%
Walked only0.9%
Car passenger2.8%

Costs 2021 Census

Median weekly rent
$392
as at 2021
Median monthly mortgage
$2,000
as at 2021

Census figures, collected in 2021. Rents and repayments have moved since — for what property is selling for now, see .

Top occupations

Share of the employed workforce

Professionals21.8
Technicians and Trades Workers17.4
Managers14.4
Clerical and Administrative Workers12.5

Key highlights

  • High proportion of owner-occupied homes - 51.9% owned outright
  • Low unemployment rate of 3.9%, below the Victorian average of 5.0%
  • Predominantly Australian-born population - 81.9%
  • Significant number of professionals - 21.8% of the workforce
  • High percentage of couple households without children - 55.8%

Things to be aware of

  • Median age of 55, significantly higher than the Victorian average of 38
  • Below average educational attainment with 22.0% holding a bachelor's degree or higher
  • Limited public transport usage at 0.8%
  • Lower labour force participation rate at 51.3%
  • Higher percentage of arthritis among residents at 14.0%

Coming soon to this page

Where the richer profile lands

Coming soon

Schools & catchments

Zoned primary and secondary, NAPLAN bands, distances.

Coming soon

Transport & access

Stations, tram routes, drive time to the CBD, walkability.

Coming soon

Development activity

Permits approved, projects underway, zoning changes.

Want to dig into one address in Mccrae?

A suburb page gets you this far. For a specific block you get what homes of that size sell for here, the schools that address is zoned to, any subdivisions proposed within 500 m, plus lot dimensions, easements, planning overlays and true sun aspect — free, no account.

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Data sources

Demographic figures from the Census of Population and Housing © Australian Bureau of Statistics, used under Creative Commons Attribution.

Cadastral and boundary data contains information © State of Victoria (Vicmap), licensed under CC BY 4.0.

Narrative summaries are AI-generated from the underlying data and may contain errors.

Base map © Mapbox © OpenStreetMap. Improve this map at openstreetmap.org/fixthemap.

Informational only — not financial, legal or planning advice. Verify zoning, overlays and catchments with the relevant council before relying on them. Data vintage: 2021 Census.