PORT MELBOURNE
As the property market shifts, Port Melbourne has solidified its standing as a premium family enclave, attracting a specific demographic of buyer. The suburb currently holds a median house price of $1.57m. Recent market cycles have seen a consolidation phase with a -2% adjustment. For market observers, this represents a stabilization of values following previous cycles, placing the suburb at a different price-point relative to its historical peaks.
Lifestyle Profile
The streetscape of Port Melbourne is the quintessential picture of suburban stability. You will typically find larger block sizes, wide driveways, and a mix of renovated mid-century homes alongside modern builds.
At a community level, Port Melbourne is defined by family activity. Weekends see the local parks filled with junior sports, and the demographic is heavily skewed towards households with school-aged children.
Lifestyle amenities are practical and abundant. The suburb is typically anchored by a major shopping center or high street that covers all daily needs, from supermarkets to medical centers.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $91,264. With a price-to-income ratio significantly above the state average, ownership in Port Melbourne often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as South Melbourne Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.
Market Outlook
With a -2.0% adjustment, the market is currently in a consolidation phase, potentially offering better entry value than peak periods.
Quick FAQ about Port Melbourne:
- Is Port Melbourne expensive? With a median price of $1.57m, it is considered a premium family market, often attracting buyers seeking upscale living standards.
- What are the schools like? The catchment for South Melbourne Primary School is a major driver of local demand.
Primary Schools
Secondary / High Schools
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.