Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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The suburb’s capital gain of -10.03% for the past year is lower than average compared to its 50% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,950,000, and the average rent at $850, this suggests property owners could potentially earn a 2.27% increase in gross rental yield.
Property investors have seen a -20.41% 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 7.34% growth over a ten-year period. It ranks 439th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,950,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -20.41% | N/A |
| Median 12 month | -10.03% | N/A |
| Median 3 years | 14.64% | N/A |
| Median 5 years | 50% | N/A |
| 10 years average annual | 7.34% | N/A |
| Weekly media advert. rent | $850 | N/A |
| Time on Market | 129.6 days | N/A |
| Gross Rental Yield Percent | 2.27% | N/A |
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