Port Melbourne, VIC 3207
Compare Part of Port Phillip
3.32 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Sat 27 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 201/187-195 Graham Street 2 2 2 Unit | 10:30 AM Sat 27th Apr | Marshall White One |
 | 15 Legon Street 3 2 1 House | 11:00 AM Sat 27th Apr | Nick Johnstone Real Estate |
 | 199 Albert Street 4 2 0 House | 11:30 AM Sat 27th Apr | Marshall White |
 | 3/141 Albert Street 3 2 1 House | 12:30 PM Sat 27th Apr | Marshall White |
 | 39 Albert Street 3 2 0 House | 2:30 PM Sat 27th Apr | Marshall White |
Sat 4 May | Auction Time | Agency | |
|---|---|---|---|
 | 14/4 Seisman Place 2 1 1 Apartment | 10:00 AM Sat 4th May | Chisholm & Gamon Property Port Melbourne |
 | 606/127 Beach Street 2 2 2 Apartment | 11:30 AM Sat 4th May | Buxton |
 | 10 The Crescent 3 2 2 House | 12:00 PM Sat 4th May | Chisholm & Gamon Property Port Melbourne |
 | 10 Crichton Avenue 4 2 2 House | 12:00 PM Sat 4th May | Frank Gordon |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $1,006,000 | +6.4% | $520,000 | $5,175,000 | 230 |
| 2014 | $1,100,000 | +8.5% | $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 | 129 |
| 2020 | $1,640,000 | +10.6% | $750,000 | $3,850,000 | 120 |
| 2021 | $1,825,000 | +10.1% | $675,000 | $9,100,000 | 216 |
| 2022 | $1,652,000 | -10.5% | $890,000 | $3,785,000 | 164 |
| 2023 | $1,770,000 | +6.7% | $720,000 | $4,775,000 | 128 |
| 2024 | $1,552,000 | -14.0% | $902,000 | $3,136,000 | 48 |
Median Sale Price
$1.69M
Based on 138 recorded sales within the last 12 months
Updated on 24 Apr 2024
Suburb Growth
-0.3%
Current Median Price: $1,685,000
Previous Median Price: $1,690,000
Based on 288 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $620 | -4.8% | $340 | $1,700 | 172 |
| 2015 | $650 | +4.6% | $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 | 326 |
| 2021 | $710 | -1.4% | $150 | $2,000 | 259 |
| 2022 | $725 | +2.1% | $400 | $2,500 | 257 |
| 2023 | $800 | +9.4% | $470 | $3,000 | 201 |
| 2024 | $920 | +13.0% | $450 | $1,995 | 48 |
Median Rent Price
$835
per week
Based on 190 recorded rent within the last 12 months
Updated on 24 Apr 2024
Rent Price Growth
+13.2%
Current Median Rent: $835
Previous Median Rent: $725
Based on 423 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,685,000
Current Median rent: $835
Based on 328 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Port Melbourne
Houses sold in Last 12 months ends 20 Apr 2024
$1.56M
Median Sale Price
56%
Clearance Rate
50/90
Sold/Reported
$2.5M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 3 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M | 4 | |
| $1.4 M - $1.6 M (Median Price Range) | 6 | |
| $1.2 M - $1.4 M | 3 | |
| $1 M - $1.2 M | 3 | |
| $800 K - $1 M | 2 | |
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 |