VIC/
Portarlington

Suburb Profile

Portarlington - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3223

house
unit

Property investors enjoyed capital gains of 16.29% over the last 12 months in PORTARLINGTON, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.27% growth over a ten-year period. It ranks 1114th on our list of suburbs that property investors should look into.

PORTARLINGTON, 3223 has a capital gain of 16.29% for the past year, which is higher than average compared to its 24.09% growth within a five-year period.

With the median home price in PORTARLINGTON sitting at $508,750, and the average rent at $340, property owners could potentially earn a 3.48% increase in gross rental yield.

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

PORTARLINGTON, 3223 in VIC belongs to the local government area of Greater Geelong.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $508,750 $372,500
GROWTH REPORT
Median Quarterly 3.51% 2.05%
Median 12 month 16.29% 5.67%
Median 3 years 28.8% 18.25%
Median 5 years 24.09% 27.57%
10 years average annual 6.27% 4.97%
Weekly media advert. rent $340 $285
Time on Market 85.6 days 107.0 days
Gross Rental Yield Percent 3.48% 3.98%
demographics (median values)
Total Population
3021
Weekly Household Income
594.3
Household Size
2.10
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