6/232-242 Rouse Street, Port Melbourne VIC 3207

2-bed, 2-bath apartment | Port Melbourne | near schools and park | strong rental yield | estimated value above guide The property’s estimated valuation sits well above the price guide, offering a rare entry point into a market with a 5.16% rental yield and balanced owner-renter split, suggesting stable demand. Its proximity to Port Melbourne Primary School and Albert Park College makes it suitable for investors or owner-occupiers seeking long-term capital growth in a well-connected suburb. The 50/50 owner-renter split and mixed tenure profile indicate a liquid market, but the 56% auction clearance rate and 39 average days on market point to cautious buyer sentiment, meaning a longer hold period may be prudent. The unit’s configuration and location support consistent rental income, but any premium above guide should be weighed against the broader market’s current pace. Hold for income and gradual appreciation, not short-term flip.