Port Fairy
Suburb profile, market snapshot and recent listings for Port Fairy, VIC 3284.
About Port Fairy
Welcome to Port Fairy
Port Fairy sits at the mouth of the Moyne River on Victoria's south-west coast, roughly 300 kilometres from Melbourne along the Great Ocean Road's quieter western extension. Built around a historic fishing port, it's one of the best-preserved 19th-century towns in the state, with bluestone cottages, Norfolk Island pines and a working harbour still very much part of daily life.
With a population of just 3,742 and a median age of 51, it's a place that suits people looking for a slower pace — retirees, tree-and-sea-changers, and those after a genuine coastal community rather than a resort strip. It's equally known for the Port Fairy Folk Festival, which each March brings a very different energy to these quiet streets, and for a food and fishing culture that draws visitors well beyond the town's small size.
Lifestyle & dining
Life in Port Fairy revolves around the water — the working fishing fleet moored along the Moyne River, the surf beach, and East Beach's long sweep of sand. The town's cafes and restaurants punch well above their weight for a place this size, with fresh local seafood a constant on menus, and the pubs and small eateries along Sackville and Bank Streets have a relaxed, unhurried feel that regulars return to year after year.
Beyond the folk festival, there's a steady calendar of smaller community events, and the historic streetscape itself is a drawcard, with much of the town heritage-listed and many original cottages and merchant buildings still standing.
Getting around
Port Fairy is well connected by road, sitting just off the Princes Highway between Warrnambool and Portland, making it an easy drive from either regional centre. Coach services link the town to the wider V/Line network, with connections through to Warrnambool for train travel further afield.
Within the town, most things are walkable — the compact grid means the harbour, main shopping strip and beaches are all within easy reach on foot or bike, and neighbouring Rosebrook is just a short drive across the river for those wanting a bit more rural space while staying close to town.
Schools & families
Port Fairy Consolidated School serves local families through to the end of primary years, giving the town a genuine community school feel, with secondary options available in nearby Warrnambool. The town's family base skews older overall, reflected in the median age of 51, but the school and its associated sport and community groups remain a steady anchor for the families who do call Port Fairy home.
Housing & architecture
Housing here is dominated by houses, which make up 75% of current listings, reflecting the town's low-rise, cottage-and-weatherboard character rather than any unit or apartment development. Land sales account for 19% of listings, pointing to some ongoing opportunity for new builds on the town's fringe, while townhouses and apartments each sit at just 3%, underlining how little medium-density stock exists in Port Fairy compared with larger coastal towns.
Architecturally, the town is known for its bluestone and timber heritage buildings, many dating to the 1840s–1860s fishing and port era, and this heritage character heavily shapes what gets built and renovated today.
The property market
The median house price in Port Fairy currently sits at $850,000, with median rents at $500 a week. Recent figures show a modest pullback in prices, down 1.2%, suggesting the market has eased slightly after the stronger coastal demand of recent years, though this needs to be read against the town's small size and low transaction volumes, where a handful of sales can move the median noticeably.
For buyers, the market remains overwhelmingly house-focused, with limited alternatives in townhouses or apartments, so anyone after lower-maintenance coastal living may find fewer options than in bigger regional centres. The presence of land listings suggests some scope for those wanting to build rather than buy established.
Market snapshot
Port Fairy property market
Median sale price
$850k
House · 3 bed
Median rent
$500
per week
Gross rental yield
3.1%
annual rent ÷ sale price
Typical price range
Entry
$595k
Median
$850k
Premium
$1.69m
Days on market
152
Auction clearance
0%
Sold this year
27
Median sold price trend · House 3 bed
Compound growth -0.7% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Port Fairy by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Port Fairy, VIC 3284.
Population
3,742
residents (2021)
Median age
51
years
Household income
$1,450
median, per week
Median rent
$300
per week
Median mortgage
$1,733
per month
Mortgage / income
28%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Port Fairy
Government school catchment
Recent results
Recently sold in Port Fairy
$890k
5 Tieman Street
Sold ~July 2026
$650k
5 Albert Street
Sold ~July 2026
$565k
141 Princes Highway
Sold ~July 2026
$695k
2 Baulch Crescent
Sold ~June 2026
$645k
2/3 Mandeville Court
Sold ~June 2026
$895k
1 Martin Laurence Place
Sold ~June 2026
$890k
8 Earle
Sold ~June 2026
$900k
40 Albert Street
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Port Fairy
Compare the area
Price map around Port Fairy
Every listing for sale near Port Fairy, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Port Fairy suburb FAQ
What is the median property price in Port Fairy?
The median house price in Port Fairy, VIC is $850k for a 3-bedroom home. Over the past year, median sold prices have fallen about 1.2%.
How much is rent in Port Fairy?
The median weekly rent in Port Fairy is around $500 per week.
Is Port Fairy a good place to live?
Port Fairy is a town in south-western Victoria, Australia. Port Fairy is an established residential suburb in VIC, with a population of around 3,742 and 1 school in the area.
What is the population of Port Fairy?
Port Fairy has a population of 3,742 (ABS 2021 Census), with a median age of 51.
What schools are in Port Fairy?
There is 1 school in or near Port Fairy, including Port Fairy Consolidated School.
How long do homes take to sell in Port Fairy?
Properties in Port Fairy take around 152 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Port Fairy?
Entry-level properties in Port Fairy start around $595k, while premium homes reach $1.69m.
What suburbs are near Port Fairy?
Suburbs near Port Fairy include Rosebrook.
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