Port Melbourne, VIC 3207

Port Melbourne, VIC 3207

Compare Part of Port Phillip

3.32 km
Distance from CBD
11 k
Population

Auction Times

Sat 30 May
 Auction Time Agency
203E/126 Rouse Street
2 1 1 Apartment
11:00 AM
Sat 30th May		 Hocking Stuart
13/97 Cruikshank Street
3 2 2 Townhouse
11:00 AM
Sat 30th May		 Nelson Alexander Docklands
Median Sale Price
House
$1.4M
Updated on Mar 2020
2 BR
$1.16M
3 BR
$1.55M
4 BR
$1.95M
Unit
$735K
Updated on Mar 2020
1 BR
$495K
2 BR
$790K
3 BR
$1.58M
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
$1,005,000
 +9.5% $287,000 $5,500,000 192
2011
$945,000
 -6.3% $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
$1,400,000
 -12.5% $575,000 $7,050,000 135
2019
$1,400,000
 0.0% $825,000 $3,140,000 128
2020
$1,525,000
 +8.2% $750,000 $2,950,000 44
Median Sale Price
$1.46M
Based on 125 recorded sales within the last 12 months
Updated on 26 May 2020
Suburb Growth
+8.0%
Current Median Price: $1,457,000
Previous Median Price: $1,340,000
Based on 250 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2020)
Price Range Segments (12 months ending Apr 2020)
Median Weekly Rent Price
House
$743
Updated on Apr 2020
2 BR
$600
3 BR
$850
4 BR
$1,100
Unit
$600
Updated on Apr 2020
1 BR
$450
2 BR
$630
3 BR
$880
4 BR
$1,050
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 $1,900 279
2017
$695
 -0.7% $350 $2,200 330
2018
$725
 +4.1% $425 $1,850 296
2019
$750
 +3.3% $350 $2,200 288
2020
$690
 -8.7% $350 $2,500 118
Median Rent Price
$740
per week
Based on 298 recorded rent within the last 12 months
Updated on 26 May 2020
Rent Price Growth
0.0%
Current Median Rent: $740
Previous Median Rent: $740
Based on 572 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,457,000
Current Median rent: $740
Based on 423 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2020)

Auction Results For Port Melbourne

Houses sold in Last 12 months ends 23 May 2020

$1.44M

Median Sale Price

69%

Clearance Rate

90/131

Sold/Reported

$3.14M

Highest Sale Price

Sold Price Range No. of Sold Properties
$3 M and more 1
$2 M - $3 M 11
$1.8 M - $2 M 3
$1.6 M - $1.8 M 9
$1.4 M - $1.6 M
(Median Price Range)		 11
$1.2 M - $1.4 M 11
$1 M - $1.2 M 9
$800 K - $1 M 6
$600 K - $800 K 1

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