Port Melbourne vs Albert Park.
Comparing two suburbs with median house prices of $1,500,000 and $2,085,000. Albert Park edges out on more headline metrics in this comparison.
Port Melbourne (median $1,500,000) is roughly 28% cheaper to buy into than Albert Park ($2,085,000).
Albert Park scores higher on walkability (32/100 vs 48/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Albert Park (1126) sits above Port Melbourne (1112).
For buyers
Port Melbourne is the lower entry point at $1,500,000 median, 28% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Albert Park offers the higher gross rental yield (2.87% vs 2.76%), favouring cash-flow investors.
For families
Albert Park edges out on average school ICSEA (1126 vs 1112).
Common questions
Is Port Melbourne or Albert Park cheaper to buy in?
Port Melbourne has the lower median house price at $1,500,000, roughly 28% below Albert Park ($2,085,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Port Melbourne or Albert Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Albert Park scores 1126 vs 1112 in Port Melbourne. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Port Melbourne or Albert Park?
Albert Park scores 48/100 on walkability vs 32/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Port Melbourne or Albert Park?
Gross rental yield on houses is 2.87% in Albert Park vs 2.76% in Port Melbourne. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Port Melbourne against another suburb