Market snapshot
Suburb insights for Port Melbourne3207
Change suburbPort 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.
Sales data
Median sale price
$1.6mil
Quarterly price change
-3.1%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,240,000 | $950,000 |
| 3 | $1,720,000 | $863,000 |
| 4 | $2,550,000 | $980,500 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 62.1% | 74.9% |
| Days on market | 39.5 | 37 |
Rental data
Median weekly rent
$880
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $750 | $595 |
| 3 | $1,050 | $550 |
| 4 | - | $595 |
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