Victorian Government Attempts To Hijack Property Boom With New Taxes
Ahead of this week’s state budget, the Victorian government has flagged several new tax measures targeting property in...
The suburb’s capital gain of 8.7% for the past year is higher than average compared to its 31.58% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $2,500,000, and the average rent at $912.5, this suggests property owners could potentially earn a 1.9% increase in gross rental yield.
Property investors have seen a 4.17% gain in PORTSEA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.4% growth over a ten-year period. It ranks 709th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.7%||N/A|
|Median 3 years||21.95%||N/A|
|Median 5 years||31.58%||N/A|
|10 years average annual||6.4%||N/A|
|Weekly media advert. rent||$912.5||N/A|
|Time on Market||97.1 days||N/A|
|Gross Rental Yield Percent||1.9%||N/A|