AREA REPORTS

Portarlington

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 19.79% 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 7.4% growth over a ten-year period. It ranks 796th on our list of suburbs that property investors should look into.

PORTARLINGTON, 3223 has a capital gain of 19.79% for the past year, which is higher than average compared to its 51.32% growth within a five-year period.

With the median home price in PORTARLINGTON sitting at $575,000, and the average rent at $320, property owners could potentially earn a 2.89% 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $575,000 $399,000
GROWTH REPORT
Median Quarterly 9.52% -0.87%
Median 12 month 19.79% 11.14%
Median 3 years 36.9% 30.82%
Median 5 years 51.32% 41.24%
10 years average annual 7.4% 5.44%
Weekly media advert. rent $320 $290
Time on Market 76.3 days 120.7 days
Gross Rental Yield Percent 2.89% 3.78%
demographics (median values)
Total Population
3021
Weekly Household Income
594.3
Household Size
2.10
demographics
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