$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
A steady increase in median property prices over a five-year period in the suburb translates to a 25% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $270,000
The augmented property values in the suburb are trailing behind the territorial average of 1.85% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $287.5.
Home owners selling their properties and realtors in PORTLAND usually have to wait an average of 107.0 days days before their assets are lifted off the market.
The NSW suburb ranks 105th on the list of best yielding suburbs for rental properties in NSW, posting a 5.54% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $270,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -3.57% | N/A |
| Median 3 years | 25% | N/A |
| Median 5 years | 21.35% | N/A |
| 10 years average annual | 5.16% | N/A |
| Weekly media advert. rent | $287.5 | N/A |
| Time on Market | 107.0 days | N/A |
| Gross Rental Yield Percent | 5.54% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Australia’s capital cities have had mixed results from the fallout of COVID-19, with some benefiting while others suffer, according to new...
Throughout the COVID-19 crisis, Sydney property values have fallen by 0.8 per cent, while national capital has fallen by an average of 0.7 p...
Smart Property Investment’s sister brand, MyBusiness, is bringing together an impressive line-up of decision makers, dignitaries, business...
New figures have shown a spike in buyer confidence, with more looking for a home loan in June than the month prior. ...
The term “off-market” gets thrown around more and more these days. For the record, Propertyology has never been totally comfortable with...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
