Market snapshot

Suburb insights for Port Melbourne3207

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Port 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
402/55 Bay St, Port melbourne2PriceApartmentSold Before Auction25/07/2025Gary Peer & AssociatesView
181 Stokes St, Port melbourne2PriceHousePrivate Sale9/07/2025Beck & Small Property Pty Ltd
304/232-242 Rouse St, Port melbourne2PriceUnitPrivate Sale2/07/2025Belle Property Albert ParkView
401/62 Beach St, Port melbourne3PriceUnitPrivate Sale14/07/2025Jellis CraigView
3/190 Graham St, Port melbourne3PriceUnitPrivate Sale14/07/2025Jellis CraigView
210/88 Dow St, Port melbourne2PriceApartmentPrivate Sale13/07/2025Home AU Real Estate
18/4 Seisman Pl, Port melbourne2PriceUnitPrivate Sale8/07/2025Chisholm & GamonView
505/115 Nott St, Port melbourne1PriceApartmentPrivate Sale1/07/2025Buxton - Cayzer Port MelbourneView
364 Ross St, Port melbourne2PriceHousePrivate Sale25/06/2025Chisholm & GamonView

Sales data

Median sale price
$1.7mil
Quarterly price change
-5.8%
Metro Melbourne Comparison
$924k
0.4%
BedroomsPort MelbourneMetro comparison
2$1,252,000$890,000
3$1,687,500$815,000
4$2,490,000$950,000
InsightPort MelbourneMetro comparison
Clearance rate77.4%79.5%
Days on market3639

Rental data

Median weekly rent
$848
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.3%
BedroomsPort MelbourneMetro comparison
2$730$580
3$975$550
4$1,300$600
Median data for the current quarter
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