Suburb

Market snapshot

Suburb insights for Port Melbourne3207

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Port 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
426 Graham St, Port Melbourne3PriceHouseAuction Sale1/05/2026Frank Gordon Port MelbourneView
G08/187-195 Graham St, Port Melbourne2PriceApartmentAuction Sale1/05/2026Marshall WhiteView
241 Graham St, Port Melbourne2PriceHousePassed in Vendor Bid1/05/2026BigginScottView
100/1 Graham St, Port Melbourne2PriceApartmentAuction Sale1/05/2026Jellis CraigView
378 Ross St, Port Melbourne2PriceHousePassed in Vendor Bid1/05/2026Marshall White & CoView
301/71 Rouse St, Port Melbourne2PriceApartmentPrivate Sale1/04/2026Buxton (Port Phillip) Pty Ltd

Sales data

Median sale price
$1.6mil
Quarterly price change
-3.1%
Metro Melbourne Comparison
$992k
1.9%
BedroomsPort MelbourneMetro comparison
2$1,240,000$950,000
3$1,720,000$863,000
4$2,550,000$980,500
InsightPort MelbourneMetro comparison
Clearance rate62.1%74.9%
Days on market39.537

Rental data

Median weekly rent
$880
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.1%
BedroomsPort MelbourneMetro comparison
2$750$595
3$1,050$550
4-$595
Median data for the current quarter
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