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Port Phillip Region

House sales in the Port Phillip region are performing more strongly Melbourne with house prices demonstrating a fall of -5% over the past 12 months. This compares to Melbourne where house prices have fallen by -2.4% for the same period.

There have been 2,793 sales over the past 12 months, which is 251 more than for the same period last year.

Listing levels are also higher than last year with 3,694 currently for sale in comparison to 0 previously.

The most expensive suburb to buy a house in the Port Phillip region is Middle Park with a median sales price of $2,595,000, while the most affordable suburb for housing is Southbank where the median price is .

The time it takes to sell is about the same as Melbourne generally with houses selling in 38 days compared with 40 days for Melbourne as a whole.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$2,400,000
(285)
$740,000
(137)
2$2,482,500
(92)
$541,250
(344)
3NA$555,000
(605)
4$1,650,000
(155)
$780,000
(90)
5$1,350,000
(101)
$590,000
(513)
6$1,225,000
(187)
$550,000
(593)
7$1,285,000
(23)
$520,000
(138)
8$2,257,500
(16)
$525,000
(175)
9NA$645,000
(209)
10$2,100,000
(48)
$650,000
(231)
11$1,890,000
(42)
$675,500
(166)
12$1,403,500
(110)
$571,250
(563)
13$1,620,000
(110)
$1,421,000
(63)
14$1,950,000
(57)
$735,000
(118)
15$2,191,000
(47)
$652,000
(138)
16$2,195,500
(4)
$743,000
(40)
17$1,900,000
(313)
$870,000
(55)
18$2,097,500
(84)
$688,500
(103)
19$1,436,000
(24)
$532,000
(201)
20$2,265,000
(22)
$617,500
(149)
21$1,875,000
(238)
$1,100,000
(77)
22$8,250,000
(1)
$570,000
(618)
23$1,425,000
(50)
$670,000
(438)
24$1,350,000
(145)
$1,100,000
(33)
25NA$1,350,000
(2)
26NA$736,500
(196)

Median Sales

House
Unit
$1,701,000

Dec 2018
(12 months)

$1,616,000

Dec 2019
(12 months)

$608,000

Dec 2018
(12 months)

$600,000

Dec 2019
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

561
Dec 2018
(12 months)
527
Dec 2019
(12 months)

-6.1%

MOVEMENT


1,981
Dec 2018
(12 months)
2,266
Dec 2019
(12 months)

14.4%

MOVEMENT

Number of Listings

 House Listings Unit Listings
685
3,009
40
Days on Market

Rentals

Rental Yield

2.5%

Median Asking Rent

$761
per week

Percentage Rented

HOUSES & UNITS
57%

Rental Yield

4.6%

Median Asking Rent

$511
per week

Definitions and Disclaimers

Sales metrics are for the period 1 Jan 18 - Dec 19 unless otherwise stated. For listings, 1 Mar 19 - Feb 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.