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PortseaPortsea - SUBURB PROFILE REPORT
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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 Price | $2,500,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.17% | N/A |
| 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 |
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