AREA REPORTS

Portarlington

VIC/
Portarlington

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 24.24% 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 7.71% growth over a ten-year period. It ranks 638th on our list of suburbs that property investors should look into.

PORTARLINGTON, 3223 has a capital gain of 24.24% for the past year, which is higher than average compared to its 61.84% growth within a five-year period.

With the median home price in PORTARLINGTON sitting at $615,000, and the average rent at $320, property owners could potentially earn a 2.71% increase in gross rental yield.

A 24.24% increase in median property prices in PORTARLINGTON, 3223 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 47th.

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 $615,000 $385,000
GROWTH REPORT
Median Quarterly 6.03% -3.51%
Median 12 month 24.24% -0.39%
Median 3 years 50% 24.19%
Median 5 years 61.84% 30.51%
10 years average annual 7.71% 4.54%
Weekly media advert. rent $320 $290
Time on Market 66.7 days 0.0 days
Gross Rental Yield Percent 2.71% 3.92%
demographics (median values)
Total Population
3021
Weekly Household Income
594.3
Household Size
2.10
demographics
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