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Investment Property Port Melbourne, VIC, 3207

Suburb Snapshot

Port Melbourne is a suburb in the Melbourne Region of Victoria. Port Melbourne has a population of 16,176 people and 38.18% of its occupants live in rental accommodation. The median listing price for houses is $1,500,000 and this has changed -6.25% over the past year and changed -7.70% over 2 years.

The median rent in Port Melbourne for houses is $820 per week and the median rental yield is 2.84%. Stock on the market for houses/townhouses has changed -8.62% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $700,000 and this has changed 0.00% over the past year. The average unit takes 88 days to sell and the median rent for a unit in Port Melbourne is $635 per week, producing a rental yield of 4.71%.

Supply & Demand in Port Melbourne, Melbourne

1.49%

Current vacancy rate


147

Rental stock available


16,176

Population


38.18%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Port Melbourne, Melbourne

  House Townhouses Units
Median listing price $1,500,000 $1,342,500 $700,000
Median price change - last quarter 1.69% 0.00% 0.68%
Median price change - 1 year -6.25% 3.26% 0.00%
Median price change - 2 years -7.70% -6.61% 7.69%
  House Townhouses Units
Median weekly rent $820 $950 $635
Median yield % 2.84% 3.67% 4.71%
Median rent change - 1 year 2.50% 0.00% 5.83%
  House Units
Previous month sales 10 17
Stock on market previous month 53 93
Stock variance vs. last year -8.62% 22.37%
Average days on market 55 88

Port Melbourne investment property listings

Showing 1 of 1 investment properties found in Port Melbourne on realestateinvestar.com.au

3/1 Beach St, Port Melbourne

$2,950,000

property pic

A house like indulgence of beachfront luxury

Make the beachfront dream your reality with this magnificent three bedroom three bathroom elevated ground floor security apartment with low owner's corporation fees, overlooking Port Phillip Bay. More like a townhouse with its own entrance of dual layered security, this first class apartment sits ...

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3

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VIC 3207


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