Profile for Port Melbourne

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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 & Auction Results in Port Melbourne

Address Price Type Method Sale Date Agent
Property List
11 Barak Rd, Port melbourne 4 House (Res) Auction Sale 16/11/2019 Frank Gordon Port Melbourne
35 Heath St, Port melbourne 3 House (Res) Auction Sale 16/11/2019 Frank Gordon Port Melbourne
18 Park Sq, Port melbourne 3 House (Res) Auction Sale 16/11/2019 Cayzer
36 Poolman St, Port melbourne 3 House (Res) Auction Sale 16/11/2019 Cayzer
118 Princes St, Port melbourne 2 Townhouse (Res) Private Sale 11/11/2019 Cayzer
902/115 Beach St, Port melbourne 2 Apartment Passed in at Auction 16/11/2019 Cayzer
404/115 Beach St, Port melbourne 4 Apartment Sold Before Auction 08/11/2019 Greg Hocking Holdsworth

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

$1.3mil

Metro Melbourne

$830k

Quarterly Price Change

-4%

Metro Melbourne

4.5%

Median Rent

$750

Metro Melbourne

$451

Rental Yield

2.7%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.5% 78.3%
Days on Market 42 33
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,150,000 $840,000
3 Bedrooms $1,612,500 $720,000
4 Bedrooms $2,415,000 $852,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $600 $500
3 Bedrooms $860 $430
4 Bedrooms $1,198 $480

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

$755k

Metro Melbourne

$614k

Quarterly Price Change

0.8%

Metro Melbourne

3.9%

Median Rent

$580

Metro Melbourne

$430

Rental Yield

4%

Metro Melbourne

3.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.5% 78.3%
Days on Market 42 33
Median price by Bedrooms Suburb Metro
1 Bedroom $530,000 $364,000
2 Bedrooms $782,500 $561,000
3 Bedrooms $1,250,000 $748,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $450 $370
2 Bedrooms $620 $445
3 Bedrooms $900 $530

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