Port Melbourne vs West Melbourne

West Melbourne (median $1,430,000) is roughly 5% cheaper to buy into than Port Melbourne ($1,500,000).

Buying in Port Melbourne or West Melbourne?

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Port Melbourne and West Melbourne side by side

MeasurePort MelbourneWest Melbourne
Price and market
Median house$1,500,000$1,430,000
Median unit$685,000$515,000
Renting
House rent$980/wk$853/wk
Unit rent$745/wk$660/wk
Owner occupied54.0%32.0%
Renter occupied43.0%65.0%
Schools
Schools nearby2020
Average ICSEA11121064
Lifestyle and people
Walk score324
Transit score00
Bike score100100
Population17,6338,025
Median age4231
Climate
Annual rainfall555 mm582 mm
Mean max, January26.5°C26.9°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Port Melbourne scores higher on walkability (32/100 vs 4/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Port Melbourne (1112) sits above West Melbourne (1064). Port Melbourne skews owner-occupied (54%), West Melbourne runs more rental-dense (32% owner).

For buyers
West Melbourne is the lower entry point at $1,430,000 median, 5% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Port Melbourne offers the higher gross rental yield (3.40% vs 3.10%), favouring cash-flow investors.
For families
Port Melbourne edges out on average school ICSEA (1112 vs 1064). Port Melbourne also has a higher family-household share (59% vs 48%), so the catchment community skews family-heavy.

Port Melbourne vs West Melbourne: common questions

Is Port Melbourne or West Melbourne cheaper to buy in?

West Melbourne has the lower median house price at $1,430,000, roughly 5% below Port Melbourne ($1,500,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Port Melbourne or West Melbourne have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Port Melbourne scores 1112 vs 1064 in West 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 West Melbourne?

Port Melbourne scores 32/100 on walkability vs 4/100. 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 West Melbourne?

Gross rental yield on houses is 3.40% in Port Melbourne vs 3.10% in West 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.