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 |
|---|---|---|---|---|---|---|---|
| 1208/320 Plummer St, Port Melbourne | 2 |  | Apartment | Private Sale | 17/01/2026 | Lucas Real Estate | |
| 610/57 Bay St, Port Melbourne | 2 |  | Apartment | Private Sale | 21/12/2025 | Buxton - Cayzer Port Melbourne |
Sales data
Median sale price
$1.6mil
Quarterly price change
-4.6%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,226,250 | $940,000 |
| 3 | $1,750,000 | $851,000 |
| 4 | $2,540,000 | $970,000 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 61.9% | 77.8% |
| Days on market | 35.5 | 36 |
Rental data
Median weekly rent
$855
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $705 | $585 |
| 3 | $1,050 | $550 |
| 4 | - | $600 |
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