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Port Melbourne
AREA REPORTS

Port Melbourne

Port Melbourne - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3207

house
unit

Based on its average 5-year and quarterly capital gains PORT MELBOURNE, 3207 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PORT MELBOURNE, 3207 obtained a 8.09% growth over a ten-year period. It ranks 826th on our list of suburbs that property investors should look into.

PORT MELBOURNE, 3207 in VIC belongs to the local government area of Port Phillip (C).

PORT MELBOURNE, 3207 has a capital gain of 18.94% for the past year, which is higher than average compared to its 33.59% growth within a five-year period.

With the median home price in PORT MELBOURNE sitting at $1,843,500, and the average rent at $700, property owners could potentially earn a 1.97% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PORT MELBOURNE are low, as opposed to average gains per annum over the past five years.

Data report can be found below

Port Melbourne
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,843,500 $797,000
GROWTH REPORT
Median Quarterly 3.68% 1.53%
Median 12 month 18.94% 13.05%
Median 3 years 31.68% 19.31%
Median 5 years 33.59% 18.78%
10 years average annual 8.09% 2.81%
Weekly media advert. rent $700 $550
Time on Market 48.2 days 69.7 days
Gross Rental Yield Percent 1.97% 3.59%
demographics (median values)*
Total Population
16175
Weekly Household Income
2190
Household Size
2.10
Age
40
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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