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The suburb’s capital gain of 4.57% for the past year is lower than average compared to its 36.01% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,945,000, and the average rent at $740, this suggests property owners could potentially earn a 1.98% increase in gross rental yield.
Property investors have seen a -5.12% 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 5.28% growth over a ten-year period. It ranks 1495th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,945,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.12% | N/A |
| Median 12 month | 4.57% | N/A |
| Median 3 years | 29.67% | N/A |
| Median 5 years | 36.01% | N/A |
| 10 years average annual | 5.28% | N/A |
| Weekly media advert. rent | $740 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 1.98% | N/A |
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