Free market report · Data to July 2026
Port Phillip property market
Port Phillip is one of the 453 council areas we track on the Australian property clock. This page is the plain-numbers read: where it sits in the cycle, who lives there, what's being built, and the suburbs inside it.
Houses · cycle position
Rising
The Port Phillip house market is accelerating. Growth is building pace rather than fading, which is the phase most investors wish they had caught in hindsight.
-2% to +7%
Modelled 12-month price range
+1.5%
Modelled 12-month rent change
Units · cycle position
Recovering
The unit market is still soft, but the rate of decline is easing. Recoveries start exactly here, though not every easing turns into one.
-3% to +6%
Modelled 12-month price range
+1.7%
Modelled 12-month rent change
The clock measures growth momentum, not price. Peak means growing fastest, not about to fall. See Port Phillip on the clock.
The people
Who lives in Port Phillip.
Population · ABS estimates
114,434
People (2025)
+0.7%
Growth per year, last 5 years
Steady growth. Not a boom town, not going backwards.
Households · Census 2021
38
Median age
$2,069
Median household income per week
46% own or are paying off their home, 51% rent. A deep rental pool for landlords, and more investor competition when stock is tight.
New supply
What's being approved to build.
Building approvals are tomorrow's supply. A market where approvals are falling while population grows is a market where pressure builds. The reverse deserves caution.
Dwellings approved · ABS
22 of the latest year's approvals were houses. Approvals are trending down: new supply is thinning out.
Jobs and investment
Who's working, and what's being spent.
Jobs pay mortgages and rents. Government and commercial building spend is where future jobs come from: schools, hospitals, shops and factories all get approved before they get built.
Jobs · SALM, March 2026
76,592
Employed residents
4.9%
Unemployment (national 4.2%)
10,625 more residents are in work than five years ago (+16.1%). That is strong jobs growth, and it usually shows up in housing demand with a lag.
Non-residential building approved · ABS
$523m
All sectors, FY26
$371m
Public sector (government projects)
| Year | Government | All non-residential |
|---|---|---|
| FY24 | $12m | $162m |
| FY25 | $140m | $498m |
| FY26 | $371m | $523m |
Public building spend here is trending up. Governments build where they expect people. For the named projects behind these numbers, ask for the full report below.
Inside the LGA
The suburbs of Port Phillip.
All 10 suburbs and localities in Port Phillip
Albert Park · Balaclava · Elwood · Middle Park · Port Melbourne · Ripponlea · South Melbourne · St Kilda · St Kilda East · St Kilda West
Free · Pulled together by hand
Want the full workup on Port Phillip?
This page is the public data. The full report is the licensed feed: 10 years of prices, rents and vacancy over time, days on market, demand, and the supply pipeline, for Port Phillip or any suburb in it. Same data we run for clients. I pull it and email it through, usually within a business day. No charge, and no 14-part email sequence after it.
General information only, not financial or investment advice. Cycle positions and projections are modelled LGA-level figures to July 2026 (licensed market analytics). Population and approvals are ABS estimates; employment is SALM smoothed data; income, age and tenure are Census 2021. None of it can see street quality, flood maps, zoning or the contract, which is where deals are actually won and lost. Get advice on your own situation before acting.
Data finds the area. It doesn't buy the house.
We narrow 15,000 suburbs to the top 5 for each client, then find the street and the property. If Port Phillip is on your list, that's a conversation worth having early.