Market snapshot
Suburb insights for Port Melbourne3207
Change suburbPort Melbourne, approximately 3 km southwest of Melbourne's CBD, stretches along the shores of Hobsons Bay, just 3 km from the CBD, mixing heritage port and industrial precincts with modern bayside apartment developments. Its Bay Street dining strip, waterfront promenades, and cultural venues make it a lively residential and leisure hub. Well-served by light rail and road links, including the West Gate Bridge, it attracts professionals, families, and investors.
Recent sales and auction results in Port Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 374 Graham St, Port Melbourne | 3 |  | House | Auction Sale | 12/12/2025 | Frank Gordon Port Melbourne | View |
| 1 Park Sq, Port Melbourne | 4 |  | House | Auction Sale | 12/12/2025 | Hodges | |
| 78 Princes St, Port Melbourne | 4 |  | House | Auction Sale | 12/12/2025 | James Nicolaou Real Estate | |
| 3/181 Bay St, Port Melbourne | 1 |  | Apartment | Sold Before Auction | 26/11/2025 | Ray White Southbank and Port Phillip | View |
| 4 Gellibrand Rd, Port Melbourne | 4 |  | House | Passed in Vendor Bid | 12/12/2025 | James Nicolaou Real Estate | View |
| 265 Graham St, Port Melbourne | 4 | | House | Passed in at Auction | 12/12/2025 | Jellis Craig | Chisholm & Gamon Port Melbourne | View |
| 102/155 Beach St, Port Melbourne | 2 | | Apartment | Auction Sale | 9/12/2025 | James Nicolaou Real Estate | |
| 48/2 Esplanade West , Port Melbourne | 2 | | Unit | Private Sale | 27/11/2025 | Jellis Craig | |
| 504/77 Nott St, Port Melbourne | 2 | | Apartment | Private Sale | 25/11/2025 | Buxton (Port Phillip) Pty Ltd |
Sales data
Median sale price
$1.7mil
Quarterly price change
0.4%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,222,500 | $910,000 |
| 3 | $1,702,000 | $830,000 |
| 4 | $2,370,000 | $951,500 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 77.8% | 81.4% |
| Days on market | 36 | 36 |
Rental data
Median weekly rent
$850
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $723 | $580 |
| 3 | $1,000 | $550 |
| 4 | $1,275 | $600 |
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