Portland

POSTAL CODE: VIC, 3305
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A steady increase in median property prices over a five-year period in the suburb translates to a 1.69% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $450,000

The augmented property values in the suburb are trailing above the territorial average of 4.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.

Home owners selling their properties and realtors in PORTLAND usually have to wait an average of 91.7 days days before their assets are lifted off the market.

The VIC suburb ranks 26th on the list of best yielding suburbs for rental properties in VIC, posting a 5.2% return.

It also places places 136th in Australia based on median property value growth during the quarter.

Surburb overview

Portland is a coastal city in far south-west Victoria, located approximately 360 kilometres west of Melbourne and near the South Australian border.

The city forms part of the Glenelg Shire and had a population of 10,800 at the 2021 Census.
Portland is recognised as Victoria’s oldest European settlement and has historically developed around shipping, fishing, forestry and agriculture.

The Port of Portland remains a significant commercial deep-water port, supporting exports including timber, aluminium, livestock and agricultural products across south-west Victoria.

Commercial activity is concentrated around the city centre and waterfront precinct, where retail stores, cafes, hospitality venues and community services support residents and visitors.

Portland provides regional healthcare, secondary education, government services and sporting infrastructure for surrounding rural and coastal communities throughout the Glenelg region.

Road access is primarily provided by the Princes Highway and Henty Highway, linking the city with Warrnambool, Hamilton, Mount Gambier and other regional centres.

Public transport services include regional coach connections to Melbourne and surrounding towns, while the city’s former rail corridor continues to support freight activity through the port.

Outdoor recreation is a major feature of local life, with beaches, fishing, boating and surfing contributing to the area’s coastal character.

Nearby attractions include the Cape Nelson Lighthouse, the Great South West Walk, and coastal reserves along the Discovery Coast.

Whale watching is also a seasonal tourism activity, particularly during the southern right whale migration period along the coast near Portland Bay.

Housing in Portland includes heritage homes, established residential neighbourhoods, coastal properties, and newer housing developments throughout the city and its surrounding rural outskirts.

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