Port Melbourne, VIC 3207

Port Melbourne, VIC 3207

Compare Part of Port Phillip

3.32 km
Distance from 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

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