Can co-living solve housing affordability?
Key global cities, including New York, London, Tokyo and Singapore, are attempting to solve housing affordability through co-living arrangem...
The suburb’s capital gain of 11.54% for the past year is lower than average compared to its 67.31% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in PORTSEA, the median home price is sitting at $2,175,000, and the average rent at $824.5, this suggests property owners could potentially earn a 1.97% increase in gross rental yield.
Property investors have seen a -9.38% drop in PORTSEA based on a decrease in median home prices for the past three months.
They believe that homeowners and real estate investors betting on PORTSEA, 3944 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.54%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.66% growth over a ten-year period. It ranks 12th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,175,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -9.38% | N/A |
| Median 12 month | 11.54% | N/A |
| Median 3 years | 26.97% | N/A |
| Median 5 years | 67.31% | N/A |
| 10 years average annual | 9.66% | N/A |
| Weekly media advert. rent | $824.5 | N/A |
| Time on Market | 119.5 days | N/A |
| Gross Rental Yield Percent | 1.97% | N/A |
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