Property value increases in Port Melbourne have tracked close to the VIC average of 9.78% over the last 12 months.
Over the longer term, Port Melbourne has seen property prices show investors a 45.80% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Port Melbourne is giving property investors an average Vendor Discount of around -2.88%. This puts suburb at number 569th in VIC when ranking the most discounted suburbs.
At number 609 in a list of fastest selling suburbs, Port Melbourne is in the TOP 20% of suburbs in Australia with an average of days on market 49.77 for properties listed there.
Situated 4.43km from the CBD, Port Melbourne is one of Port Phillip localities in the postcode 3207.
Giving property investors a a poor capital gain of -6.90% for the last year, Port Melbourne, 3207 is the 1480th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Port Melbourne has given property investors a paper return of -3.64%. This puts Suburb as 322 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Port Melbourne is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 109th 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 75.57 days.
Renters in Suburb are facing rents around $6600 per annum or $550 every week.