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	$968	Top 6%	126% to Dec 2025
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	39	Top 1%	680% to Dec 2025

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	$729	Top 6%	95% to Dec 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	51.1%	Bottom 24%	29% to Dec 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Port Phillip

Median Unit Sale Prices by Street (24)

Date	Median sale value	Street
06 Dec 2025	$751,700	Bay St
06 Dec 2025	$1,762,000	Beach St
06 Dec 2025	$717,700	Bridge St
06 Dec 2025	$859,900	Danks St
06 Dec 2025	$703,200	Dow St

Median House Rental Prices by Street (46)

Street	Date	Median rent (per week)
Ingles St	06 Dec 2025	$819
Heath St	06 Dec 2025	$789
Howe Pde	06 Dec 2025	$904
Liardet St	06 Dec 2025	$877
Evans St	06 Dec 2025	$890

Percent of Renters by Street (100)

Percent of Renters	Street
52.9%	Anderson St
47.6%	Adams Pl
40.7%	Albert St
26.7%	Barak Rd
54.7%	Alfred St

Median House Sale Prices by Street (40)

Street	Date	Median sale value
Albert St	06 Dec 2025	$1,430,000
Alfred St	06 Dec 2025	$1,362,000
Australis Cct	06 Dec 2025	$2,376,000
Barak Rd	06 Dec 2025	$1,839,000
Bay St	06 Dec 2025	$1,151,000

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

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
Victoria Body Corporate Services Pty Ltd	64 Fennell St
Strata Data	Lot 39/ 574 Plummer St
The Hamptons Apartments - Port Melbourne	45 Nott St

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
62.2%	Princes St	quite tightly held	Every 16.1 years (quite tightly held)	2025
61.8%	Williamstown Rd	quite tightly held	Every 16.2 years (quite tightly held)	2025
42.1%	Bruford Rd	very tightly held	Every 23.8 years (very tightly held)	2025
114.2%	Dow St	very high turnover	Every 8.8 years (very high turnover)	2025
50.0%	Farrell St	very tightly held	Every 20.0 years (very tightly held)	2025

Planning Applications: Dwellings (77)

Headline	Place	Date
Partial demolition and construction of additional office space above the existing first floor office, subject to the following permissions: • Clause 34.01-4 - Construct a building or construct or carry out works in a 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 52.06-3 - Reduce the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip PDPL/00513/2025	Suite 1/190 Bay Street Port Melbourne VIC 3207	05 Dec 2025
Partial demolition and construct a single storey extension to the existing dwelling subject to the following permissions: Clause 43.05-2 - Construct a building or construct or carry out works in a Neighbourhood Character Overlay Clause 43.05-2 - Construct an outdoor swimming pool associated with a dwelling in a Neighbourhood Character Overlay Clause 43.05-2 - Demolish or remove a building in a Neighbourhood Character Overlay - City of Port Phillip PDPL/00520/2025	140 Beach Street Port Melbourne VIC 3207	26 Nov 2025
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 - City of Port Phillip PDPL/00253/2025	327 Princes Street Port Melbourne VIC 3207	20 Nov 2025
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 planning 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 - City of Port Phillip PDPL/00219/2025	193 Heath Street Port Melbourne VIC 3207	14 Nov 2025
Existing permit allows: To develop and use the land for the purpose of demolishing the existing outbuilding and constructing a two storey attached dwelling, subject to the following permissions: • Clause 32.08-5 - Construct or extend one dwelling on a lot less than 300 square metres in a General Residential Zone Proposed amendments: • Insertion of two opaque and two clear glass panels (with timber batten screen behind) into the north-east facing ballustrade of the first floor deck to Dwelling 1 (10 Drysdale Street) • Amendment of Condition 3 of orignal permit (661/98/I/A) to allow clear glazed panels. • Addition of a galvanized steel post and rail to support folding arm awning to the first floor deck. - City of Port Phillip 661/98/I/A	8 & 10 Drysdale Street Port Melbourne VIC 3207	12 Nov 2025

Planning Applications: Other (23)

Headline	Place	Date
Partial demolition and construction of additional office space above the existing first floor office, subject to the following permissions: • Clause 34.01-4 - Construct a building or construct or carry out works in a 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 52.06-3 - Reduce the number of car parking spaces required under Clause 52.06-5 - City of Port Phillip PDPL/00513/2025	Suite 1/190 Bay Street Port Melbourne VIC 3207	05 Dec 2025
To consolidate lots 402 and 403 on PS700012R to create lot 402A. Lots are members of an owners corporation - Streamlined Planning through Electronic Applications and Referrals S260409H	402/19-25 Nott Street, Port Melbourne VIC 3207	02 Dec 2025
Existing permit allows: Use the land as a veterinary centre in the Commercial 1 Zone subject to the following permissions: • Clause 34.01-1 – Use the land as a veterinary centre in the Commercial 1 Zone Proposed amendments: Change in operating hours on Saturday from 9:00am-3:00pm to 8:00am-3:00pm (difference of one hour) - City of Port Phillip PDPL/00048/2025/A	449 Graham Street Port Melbourne VIC 3207	03 Nov 2025
Existing permit allows: Use the land as a veterinary centre in the Commercial 1 Zone subject to the following permissions: • Clause 34.01-1 – Use the land as a veterinary centre in the Commercial 1 Zone Proposed amendments: Change in operating hours on Saturday from 9:00am-3:00pm to 8:00am-3:00pm (difference of one hour) - City of Port Phillip PDPL/00048/2025/A	449 Graham Street Port Melbourne VIC 3207	03 Nov 2025
Partial demolition and construct a double storey dwelling addition and new garage to 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 - City of Port Phillip PDPL/00463/2025	67 Bridge Street Port Melbourne VIC 3207	31 Oct 2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
73 Alfred St	Price Withheld	2.0	2.0		29 Nov 2025	On Market
267 Bridge St	Price Withheld	2.0	1.0	1.0	28 Nov 2025	On Market
4 Thomas St	Price Withheld	2.0	1.0	1.0	25 Nov 2025	On Market
380 Bay St	$2,310,000	4.0	2.0		22 Nov 2025	On Market
26 Beacon Vista	Price Withheld	3.0	2.0	3.0	22 Nov 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 8, 2 Seisman Pl	$700	2.0	1.0	1.0	03 Dec 2025
Unit 8, 2 Seisman Pl	$700	2.0	1.0	1.0	03 Dec 2025
Unit 301, 89 Beach St	$1,350	3.0	2.0	1.0	02 Dec 2025
Unit 234, 70 Nott St	$750	2.0	2.0		02 Dec 2025
Unit 234, 70 Nott St	$750	2.0	2.0		02 Dec 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
298 Esplanade East	$900	2	1		05 Dec 2025
16 The Cr	$925	2	2	1	28 Nov 2025
18 Cambridge St	$800	2	2	1	28 Nov 2025
16 The Cr	$925	2	2	1	28 Nov 2025
16 The Cr	$925	2	2	1	28 Nov 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 112, 1 Graham St	Price Withheld	3.0	2.0	2.0	29 Nov 2025	On Market
Unit 112, 1 Graham St	Price Withheld	3.0	2.0	2.0	29 Nov 2025	On Market
Unit 112, 1 Graham St	Price Withheld	3.0	2.0	2.0	29 Nov 2025	On Market
Unit 26, 6 Graham St	Price Withheld	2.0	1.0	2.0	29 Nov 2025	On Market
Unit 26, 6 Graham St	Price Withheld	2.0	1.0	2.0	29 Nov 2025	On Market

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