VIC/
Port melbourne

Suburb Profile

Port Melbourne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3207

house
unit

Based on its average 5-year and quarterly capital gains PORT MELBOURNE, 3207 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PORT MELBOURNE, 3207 obtained a 7.52% growth over a ten-year period. It ranks 738th on our list of suburbs that property investors should look into.

PORT MELBOURNE, 3207 in VIC belongs to the local government area of Port Phillip.

PORT MELBOURNE, 3207 has a capital gain of 12.5% for the past year, which is lower than average compared to its 63.99% growth within a five-year period.

With the median home price in PORT MELBOURNE sitting at $1,490,662, and the average rent at $670, property owners could potentially earn a 2.34% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PORT MELBOURNE are low, as opposed to average gains per annum over the past five years.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,490,662 $732,500
GROWTH REPORT
Median Quarterly 2.45% 2.88%
Median 12 month 12.5% 2.59%
Median 3 years 52.11% 1.74%
Median 5 years 63.99% 15.81%
10 years average annual 7.52% 5.28%
Weekly media advert. rent $670 $550
Time on Market 46.8 days 68.9 days
Gross Rental Yield Percent 2.34% 3.9%
demographics (median values)
Total Population
13293
Weekly Household Income
1640
Household Size
2.10
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