Aberfeldie vs Port Melbourne
Property investment comparison - Aberfeldie, VIC 3040 vs Port Melbourne, VIC 3207
Head-to-head across core investment metrics: Aberfeldie wins 1, Port Melbourne wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Aberfeldie | Port Melbourne |
|---|---|---|
| Median house price | $1.8M | - |
| Median unit price | $685K | $740K |
| Gross rental yield (houses) | 1.98% | 2.93% |
| Gross rental yield (units) | - | 4.95% |
| 1-year house growth | -0.7%estimate | +0.0% |
| 3-year house growth | - | -8.8% |
| Vacancy rate | 1.5% | 1.1% |
| Population | 3,925 | 17,633 |
Aberfeldie vs Port Melbourne: what the numbers say
For units, Aberfeldie sits at a median of $685K against $740K in Port Melbourne, which makes Aberfeldie the more affordable unit market and Port Melbourne the pricier one.
On cash flow, Port Melbourne leads: houses there return a gross rental yield of 2.93%, compared with 1.98% in Aberfeldie, a gap of 0.95 percentage points.
Over the past year house prices moved -0.7% in Aberfeldie (an estimate) and +0.0% in Port Melbourne, so recent momentum favours Port Melbourne, while Aberfeldie went backwards.
Rental vacancy is 1.1% in Port Melbourne and 1.5% in Aberfeldie, so landlords in Port Melbourne face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Port Melbourne is the bigger suburb, with a population of 17,633 against 3,925, roughly 4.5 times the size of Aberfeldie; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Port Melbourne for rental income, Port Melbourne for recent price momentum, Port Melbourne for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Port Melbourne, VIC 3207
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