Port Melbourne, VIC 3207

Port Melbourne, VIC 3207

Compare Part of Port Phillip

3.32 km
Distance from CBD
11 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Oct 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
$1,775,000
 +6.9% $720,000 $4,775,000 128
2024
$1,500,000
 -18.3% $825,000 $3,860,000 148
Median Sale Price
$1.5M
Based on 148 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-18.3%
Current Median Price: $1,500,000
Previous Median Price: $1,775,000
Based on 277 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Oct 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
$730
 -2.7% $350 $2,500 326
2021
$710
 -2.8% $150 $2,000 259
2022
$725
 +2.1% $400 $2,500 257
2023
$815
 +11.0% $470 $3,000 201
2024
$850
 +4.1% $450 $3,000 175
Median Rent Price
$850
per week
Based on 177 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+4.1%
Current Median Rent: $850
Previous Median Rent: $815
Based on 379 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.9%
Current Median Price: $1,500,000
Current Median rent: $850
Based on 325 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)

Auction Results For Port Melbourne

Houses sold in Last 12 months ends 21 Dec 2024

$1.55M

Median Sale Price

50%

Clearance Rate

46/92

Sold/Reported

$2.1M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 2
$1.6 M - $1.8 M 7
$1.4 M - $1.6 M
(Median Price Range)		 10
$1.2 M - $1.4 M 3
$1 M - $1.2 M 2
$800 K - $1 M 2

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