The suburb’s capital gain of 0.54% for the past year is lower than average compared to its 30.89% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,860,000, and the average rent at $850, this suggests property owners could potentially earn a 2.38% increase in gross rental yield.
Property investors have seen a 7.83% 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 9.93% growth over a ten-year period. It ranks 14th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.54%||N/A|
|Median 3 years||50.3%||N/A|
|Median 5 years||30.89%||N/A|
|10 years average annual||9.93%||N/A|
|Weekly media advert. rent||$850||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.38%||N/A|