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Port Fairy

POSTAL CODE: VIC, 3284
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -23.25% capital gain.

Property investors in PORT FAIRY enjoyed capital gains of 3.66% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $850,000.

Profits due to an downward trend in home prices there averaged -7.75% per annum over a 3-year period.

Home owners selling their properties and realtors in PORT FAIRY usually have to wait an average of 116.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $520 mark, reflecting a 3.18% increase in returns based on the current median price in PORT FAIRY.

PORT FAIRY, 3284 places 115th in Australia based on median property value growth during the quarter.

Surburb overview

Port Fairy is a coastal town in south-west Victoria, located about 290 kilometres south-west of Melbourne and approximately 28 kilometres west of Warrnambool.

Situated within the Moyne Shire, Port Fairy had a population of 3,396 at the 2021 Census and is recognised for its maritime history, nineteenth-century streetscape and tourism industry.

The town developed around a historic fishing and trading port at the mouth of the Moyne River and retains many bluestone buildings, cottages and heritage-listed structures from the colonial period.

Commercial activity is centred along Sackville Street and the surrounding waterfront precinct, where cafes, galleries, accommodation venues and local businesses support both residents and visitors.

Port Fairy provides everyday services including primary and secondary schooling, medical clinics, supermarkets, sporting facilities and community infrastructure, while larger healthcare and tertiary education services are available in nearby Warrnambool.

Road access is primarily via the Princes Highway, with regional bus services connecting the town to Warrnambool and other centres across south-west Victoria.

Warrnambool railway station provides V/Line train services to Geelong and Melbourne for regional travel and commuting connections.

The town is known for its strong arts and events calendar, including the Port Fairy Folk Festival, which attracts visitors from across Australia each year.

Outdoor recreation forms a major part of local life, with beaches, fishing, boating and walking tracks contributing to the area’s coastal lifestyle.

Nearby attractions include Griffiths Island, coastal reserves and access to the Great Ocean Road touring region.

The local economy combines tourism, agriculture, fishing, and small-business activity, reflecting the broader economic structure of the Great South Coast region.

Housing in Port Fairy includes heritage cottages, contemporary homes, coastal properties and rural lifestyle holdings on the town outskirts.

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