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 |
|---|---|---|---|---|---|---|---|
| 307/2 Rouse St, Port Melbourne | 3 |  | Apartment | Private Sale | 22/07/2026 | Biggin & Scott | View |
Sales data
Median sale price
$1.4mil
Quarterly price change
-9.4%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,230,000 | $950,000 |
| 3 | $1,750,000 | $872,000 |
| 4 | $2,440,000 | $990,000 |
| Insight | Port Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 57.1% | 68.8% |
| Days on market | 43 | 42 |
Rental data
Median weekly rent
$900
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Port Melbourne | Metro comparison |
|---|---|---|
| 2 | $750 | $600 |
| 3 | $1,075 | $560 |
| 4 | - | $600 |
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