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
126 Farrell St, Port melbourne 2 House (Res) Auction Sale 16/10/2021 Simon Graf Real Estate - ALBERT PARK
27/15 Beach St, Port melbourne 3 House (Res) Sold Before Auction 15/10/2021 Whitefox Real Estate
21/85 Rouse St, Port melbourne 2 Apartment Private Sale 15/10/2021 Chisholm & Gamon
79 The Crescent , Port melbourne 3 House (Res) Auction Sale 12/10/2021 Biggin & Scott

Median data for September Quarter 2021. Click here for details.

Median Sale Price

$1.65mil

Metro Melbourne

$1.07mil

Quarterly Price Change

-6.7%

Metro Melbourne

6%

Median Rent

$675

Metro Melbourne

$480

Rental Yield

2%

Metro Melbourne

2.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 97% 89.1%
Days on Market 28 42
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,230,000 $1,000,000
3 Bedrooms $1,807,500 $871,500
4 Bedrooms $2,300,000 $1,085,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $600 $500
3 Bedrooms $775 $450
4 Bedrooms n/a $500

Median data for September Quarter 2021. Click here for details.

Median Sale Price

$805k

Metro Melbourne

$681k

Quarterly Price Change

-6%

Metro Melbourne

0.4%

Median Rent

$530

Metro Melbourne

$400

Rental Yield

3.4%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 97% 89.1%
Days on Market 28 42
Median price by Bedrooms Suburb Metro
1 Bedroom $488,000 $395,000
2 Bedrooms $830,500 $615,000
3 Bedrooms $1,602,500 $845,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $410 $325
2 Bedrooms $555 $410
3 Bedrooms $870 $520

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