Suburb Profile Report for Port Melbourne VIC (3207)

Port Melbourne House: Median price $1,490,000, Annual capital growth 7.15%, Number of sales 151, Weekly median advertised rent $670

Port Melbourne Unit: Median price $720,000, Annual capital growth 4.99%, Number of sales 326, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Port Melbourne, 3207 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.76%.

When looking at the potential capital gains offered to property investors over the last 3 years, Port Melbourne comes in at number 78th in VIC.

LACK OF BUYER INTEREST may well be the reason that Port Melbourne is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 610th in terms of most discounted suburbs in VIC

A $670 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 7.15%.

Port Melbourne, 3207 ranked 262th 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

Taking the average capital gain, or increase in median house value, Port Melbourne,3207 has racked up an average of 0.00% over the period. This ranks it number 1374th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Port Melbourne is offering property investors an average of -4.73. This rate of discount on properties puts Suburb at number 135th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Port Melbourne the average time real estate has been on the market is 70.22 days.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 4.99%.

Metrics i HOUSE UNIT
$1,490,000 $720,000
0.00% 0.00%
8.76% 0.00%
7.15% 4.99%
$670 $550
151 326
2.34% 3.97%
47.82 70.22

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14521
Median household income ($/weekly) 1995
Median age of persons 38
Median housing loan repayment ($/monthly) 2535
Average household size 2
  • Census Count Percent(%)
    25-34 years 3184 21.9
    35-44 years 3056 21.0
    45-54 years 1930 13.3
    55-64 years 1751 12.1
    65-74 years 1113 7.7
    Others 3487 24.0
    Age Group
    Census Count Percent(%)
    Not Married 4960 44.3
    Registered Married 4436 39.6
    Defacto Relationship 1795 16.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 9391 69.9
    Hong Kong 379 2.8
    Papua New Guinea 406 3.0
    United Kingdom 940 7.0
    Other 717 5.3
    Others 1601 11.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 260 2.0
    Christianity 8028 62.1
    Islam 263 2.0
    Judaism 131 1.0
    No Religion 4140 32.0
    Others 105 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 641 10.8
    $2,000-$2,499 372 6.3
    $2,500-$2,999 1108 18.7
    $3,000-$3,499 499 8.4
    $4,000 or more 675 11.4
    Others 2622 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6207 52.8
    Not in the labour force 3092 26.3
    Employed, worked part-time 1693 14.4
    Employed, away from work 448 3.8
    Unemployed, looking for work 325 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1967 23.6
    Professionals 3045 36.5
    Technicians & trades workers 527 6.3
    Clerical & administrative workers 1080 12.9
    Sales 680 8.1
    Others 1048 12.6
    Occupation
    Census Count Percent(%)
    Pre-school 203 9.3
    Infants/Primary 631 28.9
    Secondary 402 18.4
    Technical or Further Educational Institution 176 8.1
    University or other Tertiary Institutions 635 29.1
    Others 136 6.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 6120 46.4
    Flat, unit or apartment 5370 40.8
    Separate house 1644 12.5
    House or flat attached to a shop, office 39 0.3
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3040 47.5
    Being purchased 1771 27.7
    Fully owned 1559 24.4
    Other tenure type 25 0.4
    Tenure Type
Census 2011, ABS
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