Business · Economy · 5 hrs ago
Prestige home sale reflects 20% fall on Victoria’s Mornington Peninsula
A clifftop home sold for $7.8 million six weeks ago after its owners had earlier turned down a higher offer.
The property is at 9 Bluff Avenue in Flinders, on Victoria’s Mornington Peninsula.
A year before the sale, agent Rob Curtain received a $10.25 million offer from the same buyer.
The owners declined the offer because of family circumstances at the time.
Across the peninsula, prestige property values fell about 20% over the past year.
The sale reflects a downturn in a wealthy housing market, and no further plans or next steps are reported.
A clifftop home in Flinders on Victoria’s Mornington Peninsula sold for $7.8 million.
The same buyer had offered $10.25 million for the property a year earlier, but the owners declined.
The sale represents a fall of about 20 per cent from the earlier offer.
The decline is in line with a 20 per cent fall across the peninsula over the past year.
- Who
- The property’s owners sold it to the same buyer who had made an earlier offer.
- What
- The clifftop home at 9 Bluff Avenue sold for $7.8 million, after the owners rejected a $10.25 million offer.
- When
- The sale was six weeks before the article was published on 13 October 2026; the earlier offer was made a year before the sale.
- Where
- 9 Bluff Avenue, Flinders, on Victoria’s Mornington Peninsula.
- Why
- The owners did not accept the earlier offer because of family circumstances at the time.
This story does not have two clearly opposing sides.
The buyer offered $10.25 million for the home, but the owners declined because of family circumstances.
The property sold to the same buyer for $7.8 million.
- Property
- 9 Bluff Avenue
- Location
- Flinders, Victoria’s Mornington Peninsula
- Sale price
- $7.8 million
- Earlier offer
- $10.25 million
- Market decline
- 20 per cent across the peninsula over the past year







