With a capital gain of -12.04% for the last 12 months, Portland, 2847 has performed for property investments than its average annual 3.41% property growth over the last 5 years.
While Portland,2847 ranked number 1379th in NSW for increase in median house value (annualised) increase, it is ranked 986th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Portland is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 403th in terms of most discounted suburbs in NSW
In the last year 65 properties changed hands in Portland, which puts it as the 517th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.