Market snapshot
Suburb insights for Port Melbourne3207
Change suburbPort Melbourne is located 4 km south-west of the CBD the area is bordered by the shores of Hobsons Bay and the lower reaches of the Yarra River Port Melbourne is one of the oldest suburbs in the City of Port Phillip. The Beacon Cove estate and redevelopment of some industrial sites have provided significant numbers of new dwellings in recent years and is largely responsible for the neighbourhood's large growth rate. The neighbourhoods are well served by the Bay Street shopping area and the Port Melbourne light rail line. Other notable physical features include the foreshore Port Melbourne Town Hall the Port Melbourne Industrial Estate North Port Oval and Station and Princes Piers.
Recent sales and auction results in Port Melbourne
Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
---|---|---|---|---|---|---|---|
20/15 Beach St, Port melbourne | 2 | Townhouse (Res) | Passed in Vendor Bid | 20/07/2024 | Frank Gordon Port Melbourne | View | |
202/107 Beach St, Port melbourne | 2 | Apartment | Passed in at Auction | 20/07/2024 | My Agent Real Estate | View | |
9 Capistrano Pl, Port melbourne | 2 | Townhouse (Res) | Auction Sale | 20/07/2024 | Buxton (Port Phillip) Pty Ltd | View | |
409 Graham St, Port melbourne | 3 | House (Res) | Auction Sale | 20/07/2024 | My Agent Real Estate | View | |
270 Ross St, Port melbourne | 3 | House (Res) | Passed in Vendor Bid | 20/07/2024 | Frank Gordon Port Melbourne | View | |
502/222-224 Rouse St, Port melbourne | 2 | Apartment | Auction Sale | 20/07/2024 | Nick Johnstone | View | |
610/3 Tarver St, Port melbourne | 2 | Apartment | Private Sale | 15/07/2024 | Lucas Real Estate | ||
8/50 Johnston St, Port melbourne | 2 | Unit | Private Sale | 27/06/2024 | Marshall White | View | |
102/232-242 Rouse St, Port melbourne | 1 | Unit | Private Sale | 1/07/2024 | Chisholm & Gamon |
Sales data
Median sale price
$1.6mil
Quarterly price change
3.2%
Metro Melbourne Comparison
$912k
-1.5%
Bedrooms | Port Melbourne | Metro comparison |
---|---|---|
2 | $1,317,500 | $902,500 |
3 | $1,655,000 | $810,000 |
4 | $2,275,000 | $955,000 |
Insight | Port Melbourne | Metro comparison |
---|---|---|
Clearance rate | 52.8% | 73.8% |
Days on market | 40.5 | 42 |
Rental data
Median weekly rent
$800
Rental yield
2.6%
Metro Melbourne Comparison
$560
3.2%
Bedrooms | Port Melbourne | Metro comparison |
---|---|---|
2 | $690 | $550 |
3 | $925 | $540 |
4 | - | $580 |
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