The suburb’s capital gain of -4.99% for the past year is lower than average compared to its 35.58% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,762,500, and the average rent at $1500, this suggests property owners could potentially earn a 4.43% increase in gross rental yield.
Property investors have seen a 3.62% 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 7.85% growth over a ten-year period. It ranks 590th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.99%||N/A|
|Median 3 years||41.42%||N/A|
|Median 5 years||35.58%||N/A|
|10 years average annual||7.85%||N/A|
|Weekly media advert. rent||$1500||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||4.43%||N/A|