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 Jan
Auction Time Agency
G02/187-195 Graham Street
2 1 1 Apartment
11:00 AM
Sat 30th Jan
Hocking Stuart
Sat 6 Feb
Auction Time Agency
313/101 Bay Street
2 2 1 Apartment
9:30 AM
Sat 6th Feb
Buxton
112 Rouse Street
4 2 2 House
11:30 AM
Sat 6th Feb
Greg Hocking Real Estate
1/72 Derham Street
3 2 1 Townhouse
12:00 PM
Sat 6th Feb
Buxton
31 Ross Street
2 1 1 House
2:00 PM
Sat 6th Feb
Frank Gordon
16/3 Seisman Place
2 1 1 Apartment
2:00 PM
Sat 6th Feb
Hocking Stuart
Median Sale Price
House
$1.48M
Updated on Dec 2020
2 BR
$1.2M
3 BR
$1.67M
4 BR
$2.47M
Unit
$710K
Updated on Dec 2020
1 BR
$482K
2 BR
$745K
3 BR
$1.42M
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
$1,455,000
+3.8% $750,000 $2,990,000 117
2021
$2,060,000
+29.4% $1,410,000 $2,060,000 3
Median Sale Price
$1.46M
Based on 117 recorded sales within the last 12 months
Updated on 25 Jan 2021
Suburb Growth
+3.8%
Current Median Price: $1,455,000
Previous Median Price: $1,400,000
Based on 246 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$675
Updated on Dec 2020
2 BR
$565
3 BR
$820
4 BR
$1,100
Unit
$550
Updated on Dec 2020
1 BR
$420
2 BR
$575
3 BR
$800
4 BR
$900
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
$725
+4.1% $425 $1,850 296
2019
$750
+3.3% $350 $2,200 290
2020
$700
-7.1% $350 $2,500 321
2021
-
- - - -
Median Rent Price
$700
per week
Based on 303 recorded rent within the last 12 months
Updated on 25 Jan 2021
Rent Price Growth
-7.1%
Current Median Rent: $700
Previous Median Rent: $750
Based on 590 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.5%
Current Median Price: $1,455,000
Current Median rent: $700
Based on 420 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)

Auction Results For Port Melbourne

Houses sold in Last 12 months ends 23 Jan 2021

$1.71M

Median Sale Price

70%

Clearance Rate

49/70

Sold/Reported

$2.99M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 8
$1.8 M - $2 M 4
$1.6 M - $1.8 M
(Median Price Range)
1
$1.4 M - $1.6 M 5
$1.2 M - $1.4 M 4
$1 M - $1.2 M 2
$800 K - $1 M 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