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
20/15 Beach St, Port melbourne2PriceTownhouse (Res)Passed in Vendor Bid20/07/2024Frank Gordon Port MelbourneView
202/107 Beach St, Port melbourne2PriceApartmentPassed in at Auction20/07/2024My Agent Real EstateView
9 Capistrano Pl, Port melbourne2PriceTownhouse (Res)Auction Sale20/07/2024Buxton (Port Phillip) Pty LtdView
409 Graham St, Port melbourne3PriceHouse (Res)Auction Sale20/07/2024My Agent Real EstateView
270 Ross St, Port melbourne3PriceHouse (Res)Passed in Vendor Bid20/07/2024Frank Gordon Port MelbourneView
502/222-224 Rouse St, Port melbourne2PriceApartmentAuction Sale20/07/2024Nick JohnstoneView
610/3 Tarver St, Port melbourne2PriceApartmentPrivate Sale15/07/2024Lucas Real Estate
8/50 Johnston St, Port melbourne2PriceUnitPrivate Sale27/06/2024Marshall WhiteView
102/232-242 Rouse St, Port melbourne1PriceUnitPrivate Sale1/07/2024Chisholm & Gamon

Sales data

Median sale price
$1.6mil
Quarterly price change
3.2%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsPort MelbourneMetro comparison
2$1,317,500$902,500
3$1,655,000$810,000
4$2,275,000$955,000
InsightPort MelbourneMetro comparison
Clearance rate52.8%73.8%
Days on market40.542

Rental data

Median weekly rent
$800
Rental yield
2.6%
Metro Melbourne Comparison
$560
3.2%
BedroomsPort MelbourneMetro comparison
2$690$550
3$925$540
4-$580
Median data for the current quarter
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