Over the last year, property investments in Port Melbourne, 3207 have given investors a capital gain of 7.28%. This compares averagely with the 8.96% for VIC as a whole.
While Port Melbourne,3207 ranked number 443th in VIC for increase in median house value (annualised) increase, it is ranked 75th over the last 5 years.
Port Melbourne, 3207 is offering VIC ‘s 612th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Often selling an investment property can take time, and in Port Melbourne the average time real estate has been on the market is 67.14 days.
Situated 3.42km from the CBD, Port Melbourne is one of Port Phillip localities in the postcode 3207.
If you compare the increase in value of investment property in Port Melbourne, 3207 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -7.47%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Melbourne has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.38% to buyers in Port Melbourne at the moment, which is less than average for the rest of VIC.
Residents and property investors in Port Melbourne have been waiting around 71.11 days to sell a property.
Advertised rents are around the $550 mark per week – giving a return of 4.23% based on the median price in Suburb