Port Phillip City, VIC
The City of Port Phillip is a Victorian local government area located on the northern shores of Port Phillip, south of Melbourne’s core business district. Port Phillip is home to a diverse and significant collection of shopping, entertainment, and recreational areas. Bay Street (Port Melbourne), Victoria Avenue (Albert Park), Clarendon Street (South Melbourne), Armstrong Street (Middle Park), Fitzroy Street (St Kilda), Acland Street (St Kilda), Carlisle Street (Balaclava), and Ormond Road are some of these streets (Elwood).
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Port Phillip contains a variety of important employment sectors, including a section of the St Kilda Road commercial district, as well as industrial, warehouse, and manufacturing districts in South Melbourne and Port Melbourne. [reference required] In the 1990s, the city saw substantial residential construction, notably in areas next to the beachfront. [reference required] Port Phillip is well-served by public transport, which includes a significant tram network, the St Kilda and Port Melbourne light rail lines, and two stations on the Sandringham railway line, in addition to bus services.
Professionals account for 37.8 % of jobs in Port Phillip, followed by managers at 19.5 %, clerical and administrative workers at 12.3 %, community and personal service workers at 8.5 %, and sales workers at 7.9 %.
In Port Phillip, the typical weekly personal income for persons aged 15 years and older is $1,087.
In Port Phillip, 8.8 % of occupied private residences are detached houses, 23.9 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 65.8 % are flats or apartments, and 1.1 % are other dwellings.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Port Phillip City, VIC
Port Phillip City is surrounded by 4 other council areas – Bayside, Melbourne, Glen Eira, Stonnington.
Suburbs/localities in this Local Government Area: Balaclava 3183, Middle Park 3206, Albert Park 3206, Ripponlea 3185, South Melbourne 3205, St Kilda 3182, St Kilda West 3182, Windsor 3181, Elwood 3184