Port Melbourne has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.29% to date .
Port Melbourne,3207 has offered an average of 7.29% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -3.46% to buyers in Port Melbourne at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Port Melbourne the average time real estate has been on the market is 64.97 days.
The VIC suburb of Port Melbourne, 3207 is in the Port Phillip local government area.
Property investors who have had real estate in Port Melbourne, 3207 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.78%
Port Melbourne,3207 has offered an average of 1.78% return per annum in house price rises to property investors over the last three years.
At number 204th of VIC’s most discounted properties, Port Melbourne is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 3.94%