2. VIC
  3. Port Phillip

Houses Units

Here you can find what you need to know about Port Melbourne, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.6M Median Sale Price (National Average $485k) 70th In VIC
0.78% Median Sale Price Change (1yr) (National Average 4.30%) 330th In VIC
$825pw Median Rent (National Average $395) 36th In VIC
2.7% Median Gross Yield (National Average 4.24%) 472nd In VIC
Properties sold 157
Average discounting -4.87%
Average Days on Market 56
Stock on Market 94 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Port Melbourne, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Port Melbourne, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Port Melbourne, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

Upgrade to Premium to see available development permits for Port Melbourne, VIC.  Learn more

Property Prices in Port Melbourne


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Port Melbourne, VIC 3207

Part of: Port Phillip Council No data available

The size of Port Melbourne is approximately 10.1 square kilometres. It has 34 parks covering nearly 11.2% of total area. The population of Port Melbourne in 2011 was 14,521 people. By 2016 the population was 16,168 showing a population growth of 11.3% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation. In 2011, 50.9% of the homes in Port Melbourne were owner-occupied compared with 50.5% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Port Melbourne

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Port Melbourne   for Houses in last 12 months


There have been 157 Houses sold in Port Melbourne in the past 12 months with a median sale price of $1.6M, up 0.8% annually. It takes on average 42 days to sell with vendor discounting of -4.9%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Richmond VIC, 3121 -4.39% $1,360,000 $755pw 2.9% View Suburb Profile
South Yarra VIC, 3141 -20.95% $1,867,500 $800pw 2.2% View Suburb Profile
South Melbourne VIC, 3205 -2.70% $1,605,500 $750pw 2.4% View Suburb Profile
Albert Park VIC, 3206 -8.04% $2,172,500 $850pw 2.0% View Suburb Profile
St Kilda VIC, 3182 -11.04% $1,310,000 $680pw 2.7% View Suburb Profile
Port Noarlunga SA, 5167 12.59% $760,000 $530pw 3.6% View Suburb Profile

Currency

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