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Port Phillip City, VIC

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The City of Port Phillip is a Victorian local government area located south of Melbourne’s CBD and is home to a diverse and significant collection of shopping, entertainment, and recreational areas.

The real estate market in Port Phillip is very diverse, with a wide range of prices and property types available. There are luxurious waterfront properties, as well as apartments and units in the inner city areas. Housing is also available in the suburbs, with a mix of detached houses, townhouses and apartments.

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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.

The economy of Port Phillip, Victoria is based largely on service industries and manufacturing. The region is home to a number of large corporations, and the Port of Melbourne is a major center of trade and commerce. Tourism is also a major industry in the area. 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.

The Port Phillip property market is a thriving and vibrant market with a wide range of properties available to suit all budgets. The market is constantly evolving with new properties and developments being released regularly. 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.

The area is popular with both investors and home buyers due to the strong rental and capital growth prospects. The market is well serviced by transport, schools and amenities and is located close to the CBD. This makes it an ideal location for those looking for convenient city living.

Discover the latest real estate price trends in Port Phillip LGA with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

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.

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Yield 

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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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Property Market in Port Phillip City, VIC

What other property markets are there near Port Phillip City, VIC?

Port Phillip City is surrounded by 4 other council areas – Bayside, Melbourne, Glen Eira, Stonnington.

How many people live in Port Phillip City, VIC?

There are approximately 101000 people living in roughly 58000 dwellings in total, with an average household size of 2.

What are current and planned infrastructure projects in Port Phillip City, VIC?

Notable infrastructure projects include Point Ormond Reserve Playground Upgrade, Rotary Park, Wattie Watson Oval reconstruction, Park Street Streetscape Improvement Project, Garden City bike corridor connection upgrade.
You can find more information on the Victoria Government website.

What is the main industry in Port Phillip City, VIC?

Such sectors as Professional, Scientific and Technical Services, Health Care and Social Assistance, Retail Trade, Accommodation and Food Services, Financial and Insurance Services, Education and Training make up the largest part of the employment.

What are the dominant demographic groups in Port Phillip City, VIC?

Among approximately 101000 people in Port Phillip City males and females make roughly 49% and 51% respectively. The median age of people is 36 years. Children aged 0-14 years account for approximately 12% of the population, and those aged 65+ years account for 12%.

How is unemployment rate trending in Port Phillip City, VIC?

Among approximately 61000 people employed, roughly 67% work full-time, 23% work part-time, and an estimated 5% are unemployed.

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