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Port Melbourne, VIC 3207

Home » VIC Real Estate Data » Melbourne City, VIC » Port Melbourne, VIC 3207

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Port Melbourne, VIC 3207 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Port Melbourne, VIC 3207”

  1. The total adult population (15 years or older) of Port Melbourne 3207 VIC is 15,199, with a median age of 42. Of those, 39.25% are married, 14.68% are divorced or separated, 42.17% are single and 3.90% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $13,056. The median monthly mortgage repayment for households in this suburb is $2,500 which is 19.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Port Melbourne 3207 is a suburb positioned in the state of Victoria and is home to an estimated 12,255 households. The typical price for houses in this suburb, as of Q3 in 2023, was reported to be $1,899,628. The median weekly rent sits at $867, which calculates to an indicative yield of 2.37% – a touch below the 3% mark that many cash-flow focused investors aim for. An IRSAD score of 1112 out of 1217 has been recorded, reflecting fairly high socio-economic status of the area’s residents.

    It’s vital to note that the renter to owner ratio rests at 43%, slightly higher than optimal for a stable long-term investment. This prevalence of renters may denote more competition amongst landlords and a certain sense of impermanence in the community life. Moreover, the units to houses ratio of 61% may bring further competition for landlords, given a higher saturation of units usually correlates with more transient, shorter-term residents.

    Looking at the affordability index, it sits at a significant 57 years, indicating decreased affordability with regards to house ownership in the area, which can potentially limit the pool of prospective buyers.

    The supply metrics on the other hand, offer positives. The stock on market percentage lies at a bare minimum 0.12% which denotes a lesser supply of houses in the market. The inventory level is at 0.41 months further demonstrating a low supply rate. Furthermore, no notable building activities are on the horizon with the building approvals ratio reporting as 0.0%.

    Voicing the demand sentiment, houses in Port Melbourne spend an average of 38 days on the market. This is a little above the high demand indicator of 35 days. However, a vacancy rate of 1.43% signals strong demand, aligning with low-supply indications. A buy search index of 4 signifies a neutral level of interest in property purchases in the suburb.

    In conclusion, Port Melbourne is seeing an interesting mix of stances in different market metrics. While affordability barriers and high rental ratios may weigh on investment prospects, signs of low supply, and strong rental demand colour the suburb as an attractive spot for rental return-focused investors. As always, property investment should be approached cautiously, assessing individual metrics in relation to one’s unique investment strategy. As trends evolve, it could be worthwhile keeping an eye on this suburb. For an in-depth understanding of relative competitiveness of Port Melbourne, the Relative Composite Score (RCS) developed by HtAG Analytics may be referred to. This proprietary metric integrates over 80 data sets for a holistic perspective on the potential investment landscape.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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