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 |
|---|---|---|---|---|---|---|---|
| 112 Stokes St, Port Melbourne | 3 |  | House | Private Sale | 2/05/2026 | Belle Property St Kilda | View |
| 2/130 Princes St, Port Melbourne | 3 |  | Townhouse | Passed in Vendor Bid | 15/05/2026 | Kay & Burton | View |
| 211/50 Dow St, Port Melbourne | 2 | | Apartment | Private Sale | 5/05/2026 | Belle Property Albert Park | View |
| 211/52 Nott St, Port Melbourne | 1 | | Apartment | Private Sale | 3/05/2026 | Home AU Real Estate | |
| 852/1 Esplanade West , Port Melbourne | 2 | | Apartment | Private Sale | 24/04/2026 | McDonald Upton |
Sales data
Median sale price
$1.6mil
Quarterly price change
-3.1%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,240,000 | $950,000 |
| 3 | $1,720,000 | $863,000 |
| 4 | $2,550,000 | $980,500 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 62.1% | 74.9% |
| Days on market | 39.5 | 37 |
Rental data
Median weekly rent
$880
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $750 | $595 |
| 3 | $1,050 | $550 |
| 4 | - | $595 |
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