Fact or myth: Does water view affect property price growth?
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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 6.58% growth over a ten-year period. It ranks 1202nd 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 (C).
PORT MELBOURNE, 3207 has a capital gain of -8.79% for the past year, which is lower than average compared to its 43.23% growth within a five-year period.
With the median home price in PORT MELBOURNE sitting at $1,375,000, and the average rent at $740, property owners could potentially earn a 2.8% 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 | $1,375,000 | $670,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.38% | 2.29% |
| Median 12 month | -8.79% | 0.75% |
| Median 3 years | 7.42% | 0% |
| Median 5 years | 43.23% | -3.16% |
| 10 years average annual | 6.58% | 2.81% |
| Weekly media advert. rent | $740 | $600 |
| Time on Market | 48.2 days | 52.6 days |
| Gross Rental Yield Percent | 2.8% | 4.66% |
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