Profile for Port Melbourne

3207

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 & Auction Results in Port Melbourne

Address Price Type Method Sale Date Agent
Property List
310E/126 Rouse St, Port melbourne 2 Apartment Private Sale 04/08/2020 Belle Property Albert Park
46 Mccormack St, Port melbourne 2 House (Res) Auction Sale 13/08/2020 Belle Property Albert Park

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$1.58mil

Metro Melbourne

$864k

Quarterly Price Change

-11.4%

Metro Melbourne

-3.5%

Median Rent

$700

Metro Melbourne

$470

Rental Yield

2.3%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,280,000 $910,250
3 Bedrooms $1,695,000 $760,000
4 Bedrooms $2,385,000 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $560 $500
3 Bedrooms $830 $440
4 Bedrooms n/a $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$713k

Metro Melbourne

$621k

Quarterly Price Change

-12.1%

Metro Melbourne

-2.5%

Median Rent

$580

Metro Melbourne

$430

Rental Yield

4%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
1 Bedroom $511,000 $385,000
2 Bedrooms $805,000 $591,000
3 Bedrooms $1,890,000 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $450 $370
2 Bedrooms $630 $450
3 Bedrooms $980 $525

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