AREA REPORTS

Portland

 

 

Suburb Profile

Portland - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3305

house
unit

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 $232,500

The augmented property values in the suburb are trailing behind the territorial average of 8.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $250.

Home owners selling their properties and realtors in PORTLAND usually have to wait an average of 123.3 days days before their assets are lifted off the market.

The VIC suburb ranks 49th on the list of best yielding suburbs for rental properties in VIC, posting a 5.59% return.

It also places places 332nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $232,500 $158,000
GROWTH REPORT
Median Quarterly 1.09% -7.06%
Median 12 month 1.09% 4.64%
Median 3 years 10.71% -22.5%
Median 5 years -1.06% N/A
10 years average annual 0.71% 4.31%
Weekly media advert. rent $250 $165
Time on Market 123.3 days 0.0 days
Gross Rental Yield Percent 5.59% 5.43%
demographics (median values)
Total Population
9358
Weekly Household Income
812.9
Household Size
2.30
demographics
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Top 10 Birth Countries
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Household Income
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