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	$1,030	Top 5%	140% to May 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	58	Top 1%	1060% to May 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	$714	Top 9%	91% to May 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	54.3%	Bottom 29%	24% to May 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
The Hamptons Apartments - Port Melbourne	45 Nott St
Victoria Body Corporate Services Pty Ltd	64 Fennell St
Strata Data	Lot 39/ 574 Plummer St

Planning Applications: Dwellings (78)

Headline	Place	Date
Two lot residential subdivision based on endorsed plans. - Streamlined Planning through Electronic Applications and Referrals S269217B	30 Nelson Street, Port Melbourne VIC 3207	28 May 2026
Partial demolition to the rear of existing dwelling and construction of a single storey extension, 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 • Clause 43.02-2 - Construct a building or construct or carry out works in a Design and Development Overlay - Mount Alexander Shire Council PDPL/00183/2026	303 The Boulevard Port Melbourne VIC 3207	28 May 2026
Partial demolition to the rear of existing dwelling and construction of a single storey extension, 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 • Clause 43.02-2 - Construct a building or construct or carry out works in a Design and Development Overlay - City of Port Phillip PDPL/00183/2026	303 The Boulevard Port Melbourne VIC 3207	28 May 2026
Existing permit allows: To develop the land for the purpose of the construction of a two storey dwelling and office with basement car parking in accordance with the endorsed plans and subject to the following conditions Proposed amendmen include: - Changes to the preamble of the permit - Change of use of first floor from office to residential comprising of two bedrooms - Change in layout of first floor involving internal and external alterations - Deletion of condition 1 (as they been discharged via endorsed plans) Subject to following permissions: - Clause 32.04-5 – Construct a dwelling if there is at least one dwelling existing on the lot in Mixed Use Zone - Clause 32.04-7 – Construct or extend a dwelling if it is on a common property in Mixed Use Zone - Clause 43.02-2 – Construct a building or construct or carry out works in Design and Development Overlay - Mount Alexander Shire Council 1496/1999/A	15 Nott Street Port Melbourne VIC 3207	27 May 2026
Existing permit allows: To develop the land for the purpose of the construction of a two storey dwelling and office with basement car parking in accordance with the endorsed plans and subject to the following conditions Proposed amendmen include: - Changes to the preamble of the permit - Change of use of first floor from office to residential comprising of two bedrooms - Change in layout of first floor involving internal and external alterations - Deletion of condition 1 (as they been discharged via endorsed plans) Subject to following permissions: - Clause 32.04-5 – Construct a dwelling if there is at least one dwelling existing on the lot in Mixed Use Zone - Clause 32.04-7 – Construct or extend a dwelling if it is on a common property in Mixed Use Zone - Clause 43.02-2 – Construct a building or construct or carry out works in Design and Development Overlay - City of Port Phillip 1496/1999/A	15 Nott Street Port Melbourne VIC 3207	27 May 2026

Planning Applications: Other (22)

Headline	Place	Date
Existing permit allows: To develop the land for the purpose of the construction of a two storey dwelling and office with basement car parking in accordance with the endorsed plans and subject to the following conditions Proposed amendmen include: - Changes to the preamble of the permit - Change of use of first floor from office to residential comprising of two bedrooms - Change in layout of first floor involving internal and external alterations - Deletion of condition 1 (as they been discharged via endorsed plans) Subject to following permissions: - Clause 32.04-5 – Construct a dwelling if there is at least one dwelling existing on the lot in Mixed Use Zone - Clause 32.04-7 – Construct or extend a dwelling if it is on a common property in Mixed Use Zone - Clause 43.02-2 – Construct a building or construct or carry out works in Design and Development Overlay - City of Port Phillip 1496/1999/A	15 Nott Street Port Melbourne VIC 3207	27 May 2026
Existing permit allows: To develop the land for the purpose of the construction of a two storey dwelling and office with basement car parking in accordance with the endorsed plans and subject to the following conditions Proposed amendmen include: - Changes to the preamble of the permit - Change of use of first floor from office to residential comprising of two bedrooms - Change in layout of first floor involving internal and external alterations - Deletion of condition 1 (as they been discharged via endorsed plans) Subject to following permissions: - Clause 32.04-5 – Construct a dwelling if there is at least one dwelling existing on the lot in Mixed Use Zone - Clause 32.04-7 – Construct or extend a dwelling if it is on a common property in Mixed Use Zone - Clause 43.02-2 – Construct a building or construct or carry out works in Design and Development Overlay - Mount Alexander Shire Council 1496/1999/A	15 Nott Street Port Melbourne VIC 3207	27 May 2026
Variation of category to Late Night (General) Licence - Victorian Gambling and Casino Control Commission 78858A01	316 Bay Street, Port Melbourne 3207, VIC	25 Apr 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

LGA Details (1)

Headline	Place	Datetime
Local government area	Port Phillip

Median Unit Sale Prices by Street (23)

Date	Median sale value	Street
29 May 2026	$676,400	Albert St
29 May 2026	$776,500	Bay St
29 May 2026	$1,887,000	Beach St
29 May 2026	$749,600	Bridge St
29 May 2026	$862,700	Danks St

Median House Rental Prices by Street (44)

Street	Date	Median rent (per week)
Evans St	29 May 2026	$881
Farrell St	29 May 2026	$1,090
Derham St	29 May 2026	$909
Dow St	29 May 2026	$1,167
Edwards Ave	29 May 2026	$1,808

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 House Sale Prices by Street (37)

Street	Date	Median sale value
Albert St	29 May 2026	$1,462,000
Australis Cct	29 May 2026	$1,984,000
Barlow St	29 May 2026	$1,516,000
Bay St	29 May 2026	$1,219,000
Beach St	29 May 2026	$2,145,000

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
80.9%	Johnston St	average turnover	Every 12.4 years (average turnover)	2026
74.8%	Stokes St	average turnover	Every 13.4 years (average turnover)	2026
101.4%	Rouse St	very high turnover	Every 9.9 years (very high turnover)	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
77.8%	Adams Pl
43.8%	Adams Place
40.7%	Albert St

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 11, 3 Seisman Pl	$540	1.0	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
29 Derham St	$850	3	1	1	02 Feb 2026
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 15, 343 Williamstown Rd	$1,100	3	2	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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