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.

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Recent Sales & Auction Results in Port Melbourne

Address Price Type Method Sale Date Agent
Property List
8 The Cove , Port melbourne 3 House (Res) Auction Sale 18/05/2024 IProperty Melbourne
139 Albert St, Port melbourne 3 House (Res) Auction Sale 18/05/2024 Marshall White & Co
77 Bridge St, Port melbourne 3 House (Res) Auction Sale 18/05/2024 Jellis Craig
7 Australis Cirt, Port melbourne 3 House (Res) Private Sale 20/04/2024 Biggin & Scott

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$1.55m

Metro Melbourne

$929k

Quarterly Price Change

-16.2%

Metro Melbourne

2%

Median Rent

$773

Metro Melbourne

$550

Rental Yield

2.4%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 58.2% 75.3%
Days on Market 40 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,302,500 $920,000
3 Bedrooms $1,795,000 $810,000
4 Bedrooms $2,200,000 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $668 $550
3 Bedrooms $910 $520
4 Bedrooms n/a $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$731k

Metro Melbourne

$635k

Quarterly Price Change

-9.4%

Metro Melbourne

0.3%

Median Rent

$623

Metro Melbourne

$520

Rental Yield

4.2%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 58.2% 75.3%
Days on Market 40 40
Median price by Bedrooms Suburb Metro
1 Bedroom $460,000 $370,000
2 Bedrooms $795,000 $600,000
3 Bedrooms $1,535,000 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $490 $450
2 Bedrooms $660 $540
3 Bedrooms $995 $620

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