The suburb’s capital gain of 8.58% for the past year is higher than average compared to its 36.76% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $1,860,000, and the average rent at $750, this suggests property owners could potentially earn a 2.1% increase in gross rental yield.
Property investors have seen a 0% 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 10.22% growth over a ten-year period. It ranks 3250th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.58%||N/A|
|Median 3 years||41.98%||N/A|
|Median 5 years||36.76%||N/A|
|10 years average annual||10.22%||N/A|
|Weekly media advert. rent||$750||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.1%||N/A|