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Portarlington
AREA REPORTS

Portarlington

Portarlington - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3223

house
unit

Property investors enjoyed capital gains of 20.28% 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 7.62% growth over a ten-year period. It ranks 1109th on our list of suburbs that property investors should look into.

PORTARLINGTON, 3223 has a capital gain of 20.28% for the past year, which is higher than average compared to its 82.01% growth within a five-year period.

With the median home price in PORTARLINGTON sitting at $860,000, and the average rent at $420, 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 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 (C).

Data report can be found below

Portarlington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $860,000 $676,250
GROWTH REPORT
Median Quarterly 7.5% 0.56%
Median 12 month 20.28% 38.01%
Median 3 years 38.71% N/A
Median 5 years 82.01% 90.49%
10 years average annual 7.62% 4.9%
Weekly media advert. rent $420 $390
Time on Market 57.4 days 87.3 days
Gross Rental Yield Percent 2.54% 3%
demographics (median values)*
Total Population
7397
Weekly Household Income
896
Household Size
2.10
Age
58
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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