Port Melbourne, VIC 3207
Compare Part of Port Phillip
3.32 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Fri 1 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 214/57 Bay Street 1 1 1 Apartment | 6:00 PM Fri 1st Jul | Ray White |
Sat 2 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 405/63-69 Rouse Street 2 2 1 Apartment | 10:30 AM Sat 2nd Jul | RT Edgar |
 | 4/53 Johnston Street 2 2 1 Apartment | 10:30 AM Sat 2nd Jul | Greg Hocking Real Estate |
 | 306/77 Nott Street 2 2 1 Apartment | 11:30 AM Sat 2nd Jul | Simon Graf Real Estate |
 | 85/85 Rouse Street 2 2 2 Apartment | 12:00 PM Sat 2nd Jul | RT Edgar |
Sat 9 Jul | Auction Time | Agency | |
|---|---|---|---|
 | Residence 9/130 Princes Street 3 2 2 Townhouse | 12:30 PM Sat 9th Jul | Simon Graf Real Estate |
 | 1103/3 Tarver Street 1 1 1 Apartment | 2:30 PM Sat 9th Jul | Marshall White One |
Median Sale Price
House
$1.76M
Updated on May 2022
2 BR $1.39M | 3 BR $1.84M | 4 BR $2.15M |
Unit
$755K
Updated on May 2022
1 BR $508K | 2 BR $760K | 3 BR $1.71M |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $910,000 | 0.0% | $380,000 | $5,350,000 | 157 |
| 2010 | $1,030,000 | +11.7% | $287,000 | $5,500,000 | 192 |
| 2011 | $945,000 | -9.0% | $466,000 | $5,800,000 | 133 |
| 2012 | $942,000 | -0.3% | $308,000 | $4,100,000 | 202 |
| 2013 | $1,003,500 | +6.1% | $520,000 | $5,175,000 | 230 |
| 2014 | $1,100,000 | +8.8% | $535,000 | $2,920,000 | 199 |
| 2015 | $1,305,000 | +15.7% | $30,000 | $6,600,000 | 151 |
| 2016 | $1,380,000 | +5.4% | $515,000 | $3,705,000 | 131 |
| 2017 | $1,575,000 | +12.4% | $548,000 | $3,775,000 | 136 |
| 2018 | $1,410,000 | -11.7% | $575,000 | $7,050,000 | 137 |
| 2019 | $1,466,000 | +3.8% | $825,000 | $3,400,000 | 128 |
| 2020 | $1,640,000 | +10.6% | $750,000 | $3,850,000 | 120 |
| 2021 | $1,810,000 | +9.4% | $675,000 | $9,100,000 | 216 |
| 2022 | $1,820,000 | +0.5% | $962,000 | $3,700,000 | 76 |
Median Sale Price
$1.89M
Based on 170 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+10.6%
Current Median Price: $1,890,000
Previous Median Price: $1,690,000
Based on 354 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$725
Updated on May 2022
2 BR $600 | 3 BR $850 | 4 BR $1,120 |
Unit
$550
Updated on May 2022
1 BR $415 | 2 BR $570 | 3 BR $792 | 4 BR $985 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $595 | 0.0% | $320 | $2,500 | 177 |
| 2012 | $600 | +0.8% | $275 | $1,700 | 226 |
| 2013 | $650 | +7.7% | $315 | $2,000 | 296 |
| 2014 | $610 | -6.6% | $340 | $1,700 | 172 |
| 2015 | $650 | +6.2% | $350 | $2,700 | 322 |
| 2016 | $700 | +7.1% | $350 | $1,900 | 280 |
| 2017 | $695 | -0.7% | $350 | $2,200 | 330 |
| 2018 | $720 | +3.5% | $425 | $1,850 | 297 |
| 2019 | $750 | +4.0% | $350 | $2,200 | 293 |
| 2020 | $720 | -4.2% | $350 | $2,500 | 325 |
| 2021 | $710 | -1.4% | $150 | $2,000 | 258 |
| 2022 | $725 | +2.1% | $440 | $2,500 | 116 |
Median Rent Price
$725
per week
Based on 226 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
-1.4%
Current Median Rent: $725
Previous Median Rent: $735
Based on 520 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,890,000
Current Median rent: $725
Based on 396 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For Port Melbourne
Houses sold in Last 12 months ends 25 Jun 2022
$1.64M
Median Sale Price
82%
Clearance Rate
90/110
Sold/Reported
$9.1M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 3 | |
| $2 M - $3 M | 15 | |
| $1.8 M - $2 M | 6 | |
| $1.6 M - $1.8 M (Median Price Range) | 7 | |
| $1.4 M - $1.6 M | 7 | |
| $1.2 M - $1.4 M | 11 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M | 5 | |
Similar Suburbs to Port Melbourne 3207
Based on median house sale price sold in last 12 months
Schools closest to Port Melbourne, VIC 3207
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Albert Park College | 83 DANKS STREETAlbert Park 3206 | Secondary | Government | 0.82 km |
| Port Melbourne Primary School | 415 GRAHAM STREETPort Melbourne 3207 | Primary | Government | 0.89 km |
| Albert Park Primary School | BRIDPORT STREETAlbert Park 3206 | Primary | Government | 0.96 km |
| Galilee Regional Catholic Primary School | MONTAGUE STREET & BANK STREETSouth Melbourne 3205 | Primary | Catholic | 1.05 km |
| Middle Park Primary School | 194 RICHARDSON STREETMiddle Park 3206 | Primary | Government | 1.72 km |