Port Melbourne is an average performer in VIC when comparing median price capital growth over the last year. Port Melbourne gave property investors a average capital gain figure when compared to the rest of the state, with 10.64%.
Taking the average capital gain, or increase in median house value, Port Melbourne,3207 has racked up an average of 10.64% over the period. This ranks it number 729th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Port Melbourne is giving property investors an average Vendor Discount of around -4.04%. This puts suburb at number 481th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
The VIC suburb of Port Melbourne, 3207 is in the Port Phillip local government area.
Over the last year, property investments in Port Melbourne, 3207 have given investors a capital gain of -2.50%. This compares very badly with the 4.09% for VIC as a whole.
While Port Melbourne,3207 ranked number 328th in VIC for increase in median house value (annualised) increase, it is ranked 177th over the last 5 years.
The most recent median price for Port Melbourne is $682500, with sellers offering an average of -5.22% off the asking price.
Property investors should expect to get $530 weekly from the median priced house in this suburb.