With a capital gain of 7.57% for the last 12 months, Port Melbourne, 3207 has performed for property investments than its average annual 8.45% property growth over the last 5 years.
A 61.05% growth in median value for property investors in Port Melbourne,3207 puts this suburb at number 323th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Port Melbourne are currently offering property investors an average price cut of -5.00% below the asking price at the moment.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
Port Melbourne is an average performer in VIC when comparing median price capital growth over the last year. Port Melbourne gave property investors a average capital gain figure when compared to the rest of the state, with 2.57%.
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.
Property investors looking for a bargain in Port Melbourne should be aiming for at least -4.41% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 297 properties changed hands in Port Melbourne, which puts it as the 15th most active market in VIC when comparing the number of sales per suburb.
Port Melbourne, 3207’s gross rental yield is 3.91%