Port Melbourne, VIC 3207
City of MelbourneGreater MelbourneAll suburbs in postcode 3207
Updated
Median house price
$1,500,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Port Melbourne?
Get the free selling guide, personalised to Port Melbourne, or ask for a free appraisal from a local agent.
Port Melbourne at a glance
- Median unit
- $685,000
- Weekly rent
- $980
- Houses · units $745
- Population
- 17.6k
- Median age 42
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Port Melbourne
Houses change hands at $1,500,000 on a typical sale, well above the Victoria median. Units come in around $685,000, roughly 54% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $300,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in Port Melbourne
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What to know about Port Melbourne
Port Melbourne (3207) sits in the Melbourne region of Victoria. The median house here is $1,500,000, well above the Victoria median of around $850K.
Port Melbourne has roughly 17,633 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Daily life is car-friendly: most residents drive to work, school and the shops.
What it’s like to live here
Port Melbourne scores 32/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 555 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 10 government primary, 3 government secondary, 4 Catholic.
Schools in Port Melbourne
Schools serving Port Melbourne: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 32/100
- Transit
- 0/100
- Bike
- 100/100
Car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Port Melbourne's population at 17,633, with a median age of 42. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (54% own, 43% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (37%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 59%
- Lone person
- 37%
- Owner occupied
- 54%
- Renter occupied
- 43%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.40% (median rent $980/wk against a $1,500,000 price tag). Units yield 5.66% gross, often the better cash-flow play for first-time investors. With 43% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 3.40%
- On the $1,500,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 5.66%
- On the $685,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
2,247 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 555 mm
- Hottest month, avg max
- 26.5°C
- Coldest month, avg min
- 6.7°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Port Melbourne
- What is the median house price in Port Melbourne?
- The median house price in Port Melbourne, VIC 3207 is $1,500,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $685,000.
- How much is my house worth in Port Melbourne?
- A useful starting point is the Port Melbourne median house price of $1,500,000 (units $685,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Port Melbourne a good investment?
- On the published figures, the gross rental yield on houses in Port Melbourne is 3.4%: the median weekly house rent is $980 (Victorian rental report, September 2025) against the median house price of $1,500,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Port Melbourne: the Land Victoria figures we hold do not measure one. Whether Port Melbourne is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Port Melbourne postcode?
- Port Melbourne is in the 3207 postcode, in VIC, in the City of Melbourne region.
- Where is Port Melbourne?
- Port Melbourne is a suburb of Melbourne, in VIC 3207. It is part of the Greater Melbourne area, in the City of Melbourne region.
- What is the average rent in Port Melbourne?
- The median weekly rent for houses is $980, for units it's $745.
- What schools are in Port Melbourne?
- There are 20 schools serving Port Melbourne on this page, including Port Melbourne Secondary College, Port Melbourne Primary School, Port Phillip Specialist School.
- How walkable is Port Melbourne?
- Port Melbourne has a Walk Score of 32 out of 100, car-dependent for most errands. transit score 0, bike score 100.
- What suburbs are near Port Melbourne?
- Port Melbourne is close to Garden City, West Melbourne, Docklands, South Wharf, Albert Park.
- What is the population of Port Melbourne?
- The population of Port Melbourne is approximately 17,633 (2021 Census). The median age is 42.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.