Port Melbourne

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 2.85% growth over a ten-year period. It ranks 3603rd 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 2.52% for the past year, which is higher than average compared to its 2.52% growth within a five-year period.

With the median home price in PORT MELBOURNE sitting at $1,630,000, and the average rent at $795, property owners could potentially earn a 2.54% 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.

PORT MELBOURNE, 3207 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $717,500.

Profits due to an downward trend in home prices in PORT MELBOURNE, 3207 averaged -1.01% per annum over a 3-year period.

Home owners selling their properties and realtors in PORT MELBOURNE usually have to wait an average of 76 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $730 mark, reflecting a 5.29% increase in returns based on the current median price in PORT MELBOURNE.

PORT MELBOURNE, 3207 places 282nd in Australia based on median property value growth during the quarter.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,630,000	$717,500
Growth Report
Median Quarterly	-1.51%	-0.35%
Median 12 month	2.52%	-4.33%
Median 3 years	-1.27%	-3.04%
Median 5 years	2.52%	-0.73%
10 years average annual	2.85%	0.82%
Weekly media advert. rent	$795	$730
Time on Market	51.2 days	76 days
Gross Rental Yield Percent	2.54%	5.29%

Demographics (Median Values)*

Total Population 16175

Weekly Household Income 2190

Household Size 2.10

Average Age 40

Monthly Loan Repayment 2500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type