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
105/93 Dow St, Port melbourne 1 Apartment Sold Before Auction 08/07/2020 Home AU Real Estate
15 Dunstan Pde, Port melbourne 3 House (Res) Private Sale 06/07/2020 Chisholm & Gamon

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

Median Sale Price

$1.81mil

Metro Melbourne

$893k

Quarterly Price Change

8.4%

Metro Melbourne

3.7%

Median Rent

$775

Metro Melbourne

$460

Rental Yield

2.6%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 65% 73.1%
Days on Market 46 32
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,213,000 $880,000
3 Bedrooms $1,670,000 $750,000
4 Bedrooms $2,100,000 $885,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $600 $500
3 Bedrooms $850 $440
4 Bedrooms n/a $490

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

Median Sale Price

$836k

Metro Melbourne

$641k

Quarterly Price Change

10.3%

Metro Melbourne

0.6%

Median Rent

$595

Metro Melbourne

$430

Rental Yield

4.1%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 65% 73.1%
Days on Market 46 32
Median price by Bedrooms Suburb Metro
1 Bedroom $523,000 $375,575
2 Bedrooms $770,000 $585,000
3 Bedrooms $1,350,000 $775,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $450 $375
2 Bedrooms $630 $450
3 Bedrooms $1,000 $530

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