Portland has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -11.43% to date .
Portland,2847 was ranked 3942 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Portland itself are offering an average vendor discount of -5.76% to real estate investors.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Portland, 2847’s gross rental yield is 7.19%