Portsea

POSTAL CODE: VIC, 3944

HOUSE

PORTSEA ranks 672nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -22.18% for the past year is lower than average compared to its 1.78% growth within a five-year period.

Also in PORTSEA, the median home price is sitting at $2,860,000, and the average rent at $900, this suggests property owners could potentially earn a 1.64% increase in gross rental yield.

Property investors have seen a -13.33% drop in PORTSEA based on a decrease 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 6.12% growth over a ten-year period. It ranks 2654th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,860,000	N/A
Growth Report
Median Quarterly	-13.33%	N/A
Median 12 month	-22.18%	N/A
Median 3 years	-16.86%	N/A
Median 5 years	1.78%	N/A
10 years average annual	6.12%	N/A
Weekly media advert. rent	$900	N/A
Time on Market	92.4 days	N/A
Gross Rental Yield Percent	1.64%	N/A

Demographics (Median Values)*

Total Population 510

Weekly Household Income 1863

Household Size 1.80

Average Age 67

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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