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	$964	Top 7%	125% to Aug 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	40	Top 1%	700% to Aug 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	$731	Top 8%	95% to Aug 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	56.0%	Bottom 31%	22% to Aug 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
Strata Data	Lot 39/ 574 Plummer St
The Hamptons Apartments - Port Melbourne	45 Nott St
Victoria Body Corporate Services Pty Ltd	64 Fennell St
Rex Hotel	Cnr Graham and Bay Sts

Median Unit Sale Prices by Street (19)

Date	Median sale value	Street
10 Aug 2026	$650,100	Albert St
10 Aug 2026	$738,500	Bay St
10 Aug 2026	$1,769,000	Beach St
10 Aug 2026	$826,400	Danks St
10 Aug 2026	$613,600	Dow St

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

LGA Details (1)

Headline	Place	Datetime
Local government area	Port Phillip

Median House Rental Prices by Street (43)

Street	Date	Median rent (per week)
Farrell St	10 Aug 2026	$1,010
Evans St	10 Aug 2026	$859
Garton St	10 Aug 2026	$781
Derham St	10 Aug 2026	$852
Dow St	10 Aug 2026	$931

Median House Sale Prices by Street (39)

Street	Date	Median sale value
Albert St	10 Aug 2026	$1,278,000
Australis Cct	10 Aug 2026	$1,674,000
Bay St	10 Aug 2026	$969,400
Beach St	10 Aug 2026	$1,939,000
Beacon Vsta	10 Aug 2026	$1,851,000

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
65.0%	Ross St	quite tightly held	Every 15.4 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

Percent of Renters by Street (100)

Percent of Renters	Street
100.0%	Adams Lane
100.0%	Adams Ln
84.6%	Adams Pl
40.0%	Adams Place
41.3%	Albert St

Planning Applications: Dwellings (76)

Headline	Place	Date
Construct a second dwelling on a lot in the Neighbourhood Residential Zone (Schedule 1), construct buildings and carry out works on land affected by a Heritage Overlay (HO1), and reduce the minimum number of car parking spaces required, subject to the following permissions: • Clause 32.09-7 – Construct a dwelling if there is at least one dwelling existing on the lot • Clause 43.01-1 – Construct a building or construct or carry out works • Clause 52.06-3 – Reduce (including reduce to zero) the minimum number of car parking spaces required under clause 52.06-5 or in a schedule to the Parking Overlay - City of Port Phillip PDPL/00104/2025	57-61 Farrell Street Port Melbourne VIC 3207	08 Jul 2026
Construct a second dwelling on a lot in the Neighbourhood Residential Zone (Schedule 1), construct buildings and carry out works on land affected by a Heritage Overlay (HO1), and reduce the minimum number of car parking spaces required, subject to the following permissions: • Clause 32.09-7 – Construct a dwelling if there is at least one dwelling existing on the lot • Clause 43.01-1 – Construct a building or construct or carry out works • Clause 52.06-3 – Reduce (including reduce to zero) the minimum number of car parking spaces required under clause 52.06-5 or in a schedule to the Parking Overlay - Mount Alexander Shire Council PDPL/00104/2025	57-61 Farrell Street Port Melbourne VIC 3207	08 Jul 2026
Part demolition and construction of a double-storey extension to an existing dwelling in a Heritage Overlay and on a lot less than 300 square metres. Planning permissions are: • Clause 32.09-5 - Construct or extend one dwelling on a lot less than 300 square metres. • Clause 43.01-1 - Demolish or remove a building. • Clause 43.03-1 - Construct a building or construct or carry out works. - City of Port Phillip PDPL/00287/2026	64 Station Street Port Melbourne VIC 3207	25 Jun 2026
Part demolition and construction of a double-storey extension to an existing dwelling in a Heritage Overlay and on a lot less than 300 square metres. Planning permissions are: • Clause 32.09-5 - Construct or extend one dwelling on a lot less than 300 square metres. • Clause 43.01-1 - Demolish or remove a building. • Clause 43.03-1 - Construct a building or construct or carry out works. - Mount Alexander Shire Council PDPL/00287/2026	64 Station Street Port Melbourne VIC 3207	25 Jun 2026
Partial demolition and construction of ground and first floor extension to the rear of a building, subject to the following permissions: Clause 32.09-10 – To construct a building or construct or carry out works for a use in Section 2 of Clause 32.09-2 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 - Mount Alexander Shire Council PDPL/00252/2026	107 Raglan Street Port Melbourne VIC 3207	24 Jun 2026

Planning Applications: Other (24)

Headline	Place	Date
Transfer of Land Act. Dealing Type Section 60(1) (TLA) - Streamlined Planning through Electronic Applications and Referrals S271139P	111 Pickles Street, Port Melbourne VIC 3207	01 Jul 2026
Current Permit Allows: Use and development of the land for the purpose of building and works to the existing hotel, use of 29 electronic gaming machines, and use of a footpath area to sell or consume liquor Proposed Amendment: Change condition 6 hours of operation from 10.00am — 11.00pm — Sunday to Wednesday; 10.00am — 1.00am the following day — Thursday to Saturday To 10:00am –4:00am – Monday to Sunday - City of Port Phillip 904/2011/B	316 Bay Street Port Melbourne VIC 3207	24 Jun 2026
Current Permit Allows: Use and development of the land for the purpose of building and works to the existing hotel, use of 29 electronic gaming machines, and use of a footpath area to sell or consume liquor Proposed Amendment: Change condition 6 hours of operation from 10.00am — 11.00pm — Sunday to Wednesday; 10.00am — 1.00am the following day — Thursday to Saturday To 10:00am –4:00am – Monday to Sunday - Mount Alexander Shire Council 904/2011/B	316 Bay Street Port Melbourne VIC 3207	24 Jun 2026
Construction of a garage to the rear of the site 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 - Mount Alexander Shire Council PDPL/00165/2026	78 Spring Street East Port Melbourne VIC 3207	18 Jun 2026
Construction of a garage to the rear of the site 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 - City of Port Phillip PDPL/00165/2026	78 Spring Street East Port Melbourne VIC 3207	17 Jun 2026

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 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 304, 54 Nott St	$650	2.0	1.0	1.0	02 Feb 2026

Recent Rental House Listings (100)

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

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
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
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

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