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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 6.65% growth over a ten-year period. It ranks 662nd 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 30.47% for the past year, which is higher than average compared to its 39.17% growth within a five-year period.
With the median home price in PORT MELBOURNE sitting at $1,670,000, and the average rent at $672.5, property owners could potentially earn a 2.09% 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.
A 30.47% increase in median property prices in PORT MELBOURNE, 3207 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 19th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,670,000 | $730,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.6% | -2.34% |
| Median 12 month | 30.47% | 3.18% |
| Median 3 years | 13.22% | 4.14% |
| Median 5 years | 39.17% | 10.44% |
| 10 years average annual | 6.65% | 1.39% |
| Weekly media advert. rent | $672.5 | $575 |
| Time on Market | 63.5 days | 51.4 days |
| Gross Rental Yield Percent | 2.09% | 4.1% |
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