Market snapshot

Suburb insights for Port Melbourne3207

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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 and auction results in Port Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
307/3 Tarver St, Port melbourne3PriceApartmentPrivate Sale24/06/2025Lucas Real Estate
431/70 Nott St, Port melbourne1PriceUnitSold Before Auction23/04/2025Gary Peer & Associates
807/127 Beach St, Port melbournePriceApartmentExpression of Interest17/06/2025RT Edgar BoroondaraView

Sales data

Median sale price
$1.7mil
Quarterly price change
-5.8%
Metro Melbourne Comparison
$924k
0.4%
BedroomsPort MelbourneMetro comparison
2$1,252,000$890,000
3$1,687,500$815,000
4$2,490,000$950,000
InsightPort MelbourneMetro comparison
Clearance rate77.4%79.5%
Days on market3639

Rental data

Median weekly rent
$848
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.3%
BedroomsPort MelbourneMetro comparison
2$730$580
3$975$550
4$1,300$600
Median data for the current quarter
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