Real Estate Port Melbourne Vic 3207

Port Melbourne: Victorian, Edwardian, terraced, houses.

Housing Market in Port Melbourne

Key Port Melbourne Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$944	Top 11%	120% to Mar 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Port Melbourne

Port Melbourne Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	408	Top 10%	248% to Jun 2025
Developments	1.3	Bottom 35%	Data for Jul 2023
Housing Stock Quality Indicator	93.0	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	8 lots	Top 33%	33% to Jun 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	72	Top 1%	1340% to Mar 2026

Housing Stock Quality in Port Melbourne

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	6.0%	Bottom 0%	43% to Jan 2021
Average bedrooms - all homes	2.1	Bottom 20%	5% to Jan 2021
NBN connection: fibreoptic cable to node	11.3%	Top 15%	Data for Jun 2023

Development Restrictions in Port Melbourne

Port Melbourne Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	7.1 sq km	Bottom 48%	Data for Jan 2021
Heritage overlay total area	2.1 sq km	Top 6%	Data for Jun 2023
Residential density	173 sqm per resident	Bottom 2%	Data for Jan 2021

Risk in Port Melbourne

Port Melbourne Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	68.9%	Bottom 6%	0 to May 2023
% Rentals	31.1%	Top 5%	1% to May 2023
Housing Affordability Index	48	Top 15%	Data for Jun 2023
Median monthly mortgage	$2,720	Top 16%	15% to May 2023
Rent Affordability Index (Houses)	81	Top 33%	Data for Jun 2023
Rent Affordability Index (Units)	78	Top 36%	Data for Jun 2023
Mortgage as a percent of income	24.2%	Top 39%	7% to Jan 2021
Mortgaged Dwellings	31.2%	Bottom 29%	8% to May 2023

Housing Demand in Port Melbourne

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	18500	Top 24%	12% to Dec 2036
Historical Population (SA3)	110000	Top 22%	37% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	139000	Top 12%	73% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Port Melbourne

Port Melbourne Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$700	Top 12%	87% to Mar 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	49.3%	Bottom 22%	31% to Mar 2026

Realtors (19)

Headline	Place	Datetime
AATB PTY LTD	Factory 1 520 Graham St
Australian Property Buyers	78 Nott St
Australian Whisky Auctions	138 Salmon St
Biggin & Scott Port Melbourne	100 Bay St
Capri Property Group	7/156 Bay St

Accommodation Options (4)

Headline	Place	Datetime
Rex Hotel	Cnr Graham and Bay Sts
Strata Data	Lot 39/ 574 Plummer St
Victoria Body Corporate Services Pty Ltd	64 Fennell St
The Hamptons Apartments - Port Melbourne	45 Nott St

Planning Applications: Dwellings (76)

Headline	Place	Date
Partial demolition of existing dwelling and construction of an extension including a basement and first floor, subject to the following permissions: • Clause 43.01-1 - Demolish or remove a building in a Heritage Overlay • Clause 43.01-1 - Construct a building or construct or carry out works in a Heritage Overlay - City of Port Phillip PDPL/00008/2026	121 Clark Street Port Melbourne VIC 3207	03 Mar 2026
Partial demolition, construction of dwelling alterations and extensions in the Neighbourhood Residential Zone and on land affected by the Heritage Overlay, subject to the following permissions: • Clause 32.09-6 - Construct or extend a small second dwelling on a lot of less than 300 square metres in the Neighbourhood Residential Zone (NRZ1). • Clause 43.01-1 - Demolish or remove a building in the Heritage Overlay (HO1). • Clause 43.01-1 - Construct a building or construct or carry out works in the Heritage Overlay (HO1). - City of Port Phillip PDPL/00603/2025	174 Albert Street Port Melbourne VIC 3207	26 Feb 2026
Partial demolition and construction of a double storey extension to the rear of the existing dwelling in a Heritage Overlay and on a lot less than 300 square metres, subject to the following permissions: • Clause 32.09-5 - Construct or extend one dwelling on a lot less than 300 square metres in a Neighbourhood Residential Zone • Clause 43.01-1- Demolish or remove a building in a Heritage Overlay • Clause 43.01-1 - Construct a building or construct or carry out works in a Heritage Overlay • Clause 44.05-2 - Construct a building or construct or carry out works in a Special Building Overlay (exempt from notice and review) - City of Port Phillip PDPL/00599/2025	291 Ross Street Port Melbourne VIC 3207	24 Feb 2026
Partial demolition and construction of dwelling additions subject to the following permissions: - Clause 32.09-5 – Construct or extend one dwelling on a lot less than 300 square metres in Neighbourhood Residential Zone - Clause 43.01-1 – Demolish or remove a building in Heritage Overlay - Clause 43.01-1 – Construct a building or construct or carry out works in Heritage Overlay - City of Port Phillip PDPL/00575/2025	140 Heath Street Port Melbourne VIC 3207	02 Feb 2026
Existing permit allows: To develop the land for the purpose of alterations and additions including conversion of a 2 car garage to a recreation room with associated reduction in car parking, subject to the following permissions: - Clause 32.08-4 - Construct or extend a residential building - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 Proposed amendments: Extension to the existing residential aged care facility, including construction of four lodging rooms, an office, toilet, storage, and laundry area, and a reduction in the car parking requirement, subject to the following permissions: - Clause 32.08-9 - Construct a building or construct or carry out works for a residential aged care facility - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip 63/2015/A	79 Swallow Street Port Melbourne VIC 3207	27 Jan 2026

Planning Applications: Other (24)

Headline	Place	Date
Existing permit allows: To develop the land for the purpose of alterations and additions including conversion of a 2 car garage to a recreation room with associated reduction in car parking, subject to the following permissions: - Clause 32.08-4 - Construct or extend a residential building - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 Proposed amendments: Extension to the existing residential aged care facility, including construction of four lodging rooms, an office, toilet, storage, and laundry area, and a reduction in the car parking requirement, subject to the following permissions: - Clause 32.08-9 - Construct a building or construct or carry out works for a residential aged care facility - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip 63/2015/A	79 Swallow Street Port Melbourne VIC 3207	27 Jan 2026
Existing permit allows: To develop the land for the purpose of alterations and additions including conversion of a 2 car garage to a recreation room with associated reduction in car parking, subject to the following permissions: - Clause 32.08-4 - Construct or extend a residential building - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 Proposed amendments: Extension to the existing residential aged care facility, including construction of four lodging rooms, an office, toilet, storage, and laundry area, and a reduction in the car parking requirement, subject to the following permissions: - Clause 32.08-9 - Construct a building or construct or carry out works for a residential aged care facility - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip 63/2015/A	79 Swallow Street Port Melbourne VIC 3207	27 Jan 2026
Existing permit allows: To develop the land for the purpose of alterations and additions including conversion of a 2 car garage to a recreation room with associated reduction in car parking, subject to the following permissions: - Clause 32.08-4 - Construct or extend a residential building - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 Proposed amendments: Extension to the existing residential aged care facility, including construction of four lodging rooms, an office, toilet, storage, and laundry area, and a reduction in the car parking requirement, subject to the following permissions: - Clause 32.08-9 - Construct a building or construct or carry out works for a residential aged care facility - Clause 52.06-3 - Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip 63/2015/A	79 Swallow Street Port Melbourne VIC 3207	27 Jan 2026
Construct a single storey addition to existing garage and construction of covered pergola, subject to the following permissions: • Clause 32.09-5 -Construct or extend one dwelling on a lot less than 300 square metres in Neighbourhood Residential Zone • Clause 43.01-1 - Demolish or remove a building in Heritage Overlay • Clause 43.01-1 - Construct a building or construct or carry out works in Heritage Overlay - City of Port Phillip PDPL/00589/2025	265 Ross Street Port Melbourne VIC 3207	30 Dec 2025
Patial demolition, construction of a canopy to create a new entry and reduction in the car parking requirement on land in the Commercial 1 Zone and affected by a Heritage Overlay, a Special Building Overlay and an Environmental Audit Overlay, subject to the following permissions: • Clause 34.01-4 - Construct a building or construct or carry out works in the Commercial 1 Zone. • Clause 43.01-1 - Demolish or remove a building in a Heritage Overlay. • Clause 43.01-1 - Construct a building or construct or carry out works in a Heritage Overlay. • Clause 52.06 – Reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 or in a schedule to the Parking Overlay. - City of Port Phillip PDPL/00624/2025	456 Bay Street Port Melbourne VIC 3207	24 Dec 2025

Median House Rental Prices by Street (47)

Level_0	Street	Date	Median rent (per week)
27577	Derham St	28 Mar 2026	$761
27593	Dow St	28 Mar 2026	$1,081
27649	Evans St	28 Mar 2026	$837
27661	Farrell St	28 Mar 2026	$890
27622	Edwards Ave	28 Mar 2026	$1,675

Businesses (100)

Name	Address
Brasher Group	405/108 Bay St, Port Melbourne VIC 3207, Australia
Buxton Construction	1/262 Lorimer St, Port Melbourne VIC 3207, Australia
Hale Corp - Custom Builders	3A/339 Williamstown Rd, Port Melbourne VIC 3207, Australia
AONE Building Services	Level 1/153 Bay St, Port Melbourne VIC 3207, Australia
Vaughan Constructions	880 Lorimer St, Port Melbourne VIC 3207, Australia

Median Unit Sale Prices by Street (20)

Date	Median sale value	Street
28 Mar 2026	$843,800	Albert St
28 Mar 2026	$740,600	Bay St
28 Mar 2026	$1,805,000	Beach St
28 Mar 2026	$918,300	Bridge St
28 Mar 2026	$890,400	Danks St

Median House Sale Prices by Street (45)

Street	Date	Median sale value
Albert St	28 Mar 2026	$1,440,000
Alfred St	28 Mar 2026	$1,314,000
Australis Cct	28 Mar 2026	$1,919,000
Barlow St	28 Mar 2026	$1,569,000
Bay St	28 Mar 2026	$1,171,000

LGA Details (1)

Headline	Place	Datetime
Local government area	Port Phillip

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
101.4%	Rouse St	very high turnover	Every 9.9 years (very high turnover)	2026
65.8%	Graham St	quite tightly held	Every 15.2 years (quite tightly held)	2026
104.7%	Albert St	very high turnover	Every 9.6 years (very high turnover)	2026
50.0%	Edwards Ave	very tightly held	Every 20.0 years (very tightly held)	2026
65.0%	Ross St	quite tightly held	Every 15.4 years (quite tightly held)	2026

Percent of Renters by Street (100)

Percent of Renters	Street
73.9%	Bertie St
100.0%	Adams Lane
100.0%	Adams Ln
60.0%	Adams Pl
43.8%	Adams Place

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 11, 97-101 Cruikshank St	Price Withheld	3.0	2.0	2.0	07 Feb 2026	On Market
78 Heath St	Price Withheld	2.0	1.0		02 Feb 2026	On Market
97 Esplanade East	$1,570,000	3.0	2.0	2.0	31 Jan 2026	On Market
343 Princes St	Price Withheld	2.0	1.0		29 Jan 2026	On Market
4 Esplanade Pl	Price Withheld	2.0	1.0		23 Jan 2026	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 15, 343 Williamstown Rd	$1,100	3	2	1	02 Feb 2026
Unit 18, 15 Beach St	$950	3	2	2	02 Feb 2026
Unit 23, 15 Beach St	$880	2	2	1	02 Feb 2026
29 Derham St	$850	3	1	1	02 Feb 2026
Unit 23, 15 Beach St	$880	2	2	1	02 Feb 2026

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 246 Bay St	$615	2.0	2.0		06 Feb 2026
Unit 105, 15 Pickles St	$650	2.0	1.0	1.0	05 Feb 2026
Unit 30, 8 Graham St	$650	2.0	1.0	1.0	04 Feb 2026
Unit 304, 54 Nott St	$650	2.0	1.0	1.0	02 Feb 2026
Unit 11, 3 Seisman Pl	$540	1.0	1.0	1.0	02 Feb 2026

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit G19, 70 Nott St	$535,000	2.0	1.0	1.0	28 Jan 2026	On Market
Unit 402, 115 Beach St	$1,600,000	2.0	2.0	1.0	28 Jan 2026	On Market
Unit 402, 115 Beach St	$1,600,000	2.0	2.0	1.0	28 Jan 2026	On Market
Unit G19, 70 Nott St	$535,000	2.0	1.0	1.0	28 Jan 2026	On Market
Unit G19, 70 Nott St	$535,000	2.0	1.0	1.0	28 Jan 2026	On Market

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