Market snapshot
Suburb insights for Port Melbourne3207
Change suburbPort Melbourne, approximately 3 km southwest of Melbourne's CBD, stretches along the shores of Hobsons Bay, just 3 km from the CBD, mixing heritage port and industrial precincts with modern bayside apartment developments. Its Bay Street dining strip, waterfront promenades, and cultural venues make it a lively residential and leisure hub. Well-served by light rail and road links, including the West Gate Bridge, it attracts professionals, families, and investors.
Recent sales and auction results in Port Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 304/216 Rouse St, Port Melbourne | 2 |  | Apartment | Private Sale | 2/09/2026 | Nelson Alexander | View |
Sales data
Median sale price
$1.5mil
Quarterly price change
6.3%
Metro Melbourne Comparison
$943k
-0.7%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,260,000 | $930,500 |
| 3 | $1,705,500 | $870,000 |
| 4 | $2,330,000 | $990,000 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 76.5% | 69.4% |
| Days on market | 44 | 45 |
Rental data
Median weekly rent
$895
Rental yield
3%
Metro Melbourne Comparison
$590
3.2%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $770 | $615 |
| 3 | $1,050 | $570 |
| 4 | $1,395 | $600 |
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