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 |
|---|---|---|---|---|---|---|---|
| 302/216 Rouse St, Port melbourne |  | Apartment | Private Sale | 11/12/2024 | McGrath | View | |
| 1118/3 Tarver St, Port melbourne | 2 |  | Apartment | Private Sale | 9/12/2024 | Lucas Real Estate | View |
Sales data
Median sale price
$1.5mil
Quarterly price change
-8.6%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,305,000 | $902,000 |
| 3 | $1,665,000 | $807,500 |
| 4 | $2,335,000 | $950,000 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 55.6% | 73.3% |
| Days on market | 41 | 42 |
Rental data
Median weekly rent
$850
Rental yield
2.8%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $700 | $560 |
| 3 | $925 | $550 |
| 4 | $1,300 | $595 |
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