Suburb

Market snapshot

Suburb insights for Port Melbourne3207

Change suburb

Port 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
317G/93 Dow St, Port Melbourne2PriceApartmentPrivate Sale23/08/2026Buxton (Port Phillip) Pty Ltd
232 Stokes St, Port Melbourne3PriceHouseSold Before Auction9/09/2026Buxton - Cayzer Albert Park
8/181 Bay St, Port Melbourne1PriceApartmentPrivate Sale31/08/2026YPA BaysideView
1013/101 Bay St, Port Melbourne2PriceApartmentPrivate Sale23/08/2026Biggin & ScottView
304/49 Beach St, Port Melbourne2PriceApartmentPrivate Sale23/08/2026Buxton - Cayzer Port Melbourne
212/99 Dow St, Port Melbourne1PriceApartmentPrivate Sale11/08/2026Jellis Craig Port MelbourneView

Sales data

Median sale price
$1.4mil
Quarterly price change
-9.4%
Metro Melbourne Comparison
$953k
-3.1%
BedroomsPort MelbourneMetro comparison
2$1,230,000$950,000
3$1,750,000$872,000
4$2,440,000$990,000
InsightPort MelbourneMetro comparison
Clearance rate57.1%68.8%
Days on market4342

Rental data

Median weekly rent
$900
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
BedroomsPort MelbourneMetro comparison
2$750$600
3$1,075$560
4-$600
Median data for the current quarter
Find a REIV member

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member