Port Melbourne, 3207 ranked 199th in VIC when comparing growth in median property values or capital gain over the last 12 months. Port Melbourne is one of 2098 in our list for VIC
While Port Melbourne,3207 ranked number 299th in VIC for increase in median house value (annualised) increase, it is ranked 51th over the last 5 years.
Vendor discounting in Port Melbourne is giving property investors an average Vendor Discount of around -5.00%. This puts suburb at number 383th in VIC when ranking the most discounted suburbs.
VIC has seen average median house prices change by 3.19% which means that Port Melbourne, 3207 has done well for property investors by showing a capital gain of 1.71% over the last year
Across a shorter period, Port Melbourne, 3207 has seen a median price increase of 1.42% over the last quarter.
Sellers are offering property buyers an average discount of -4.31% to buyers in Port Melbourne at the moment, which is less than average for the rest of VIC.
With the median price for a house in Port Melbourne being $712000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.94%