Suburb Profile Report for Portarlington VIC (3223)

Portarlington House: Median price $480,000, Annual capital growth 5.33%, Number of sales 119, Weekly median advertised rent $340

Portarlington Unit: Median price $358,000, Annual capital growth 4.67%, Number of sales 20, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Portarlington, 3223 should be pleased 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 15.66%

Over the longer term, Portarlington has seen property prices show investors a 22.45% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Portarlington should be aiming for at least -6.63% off the asking price, which is the average vendor discount being achieved at the moment.

Giving property investors a an average capital gain of 1.56% for the last year, Portarlington, 3223 is the 953th highest performer in Australia in this respect.

Portarlington,3223 has offered an average of 1.56% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Portarlington itself are offering an average vendor discount of -4.43% to real estate investors.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Portarlington, 3223’s gross rental yield is 4.07%

Metrics i HOUSE UNIT
$480,000 $358,000
4.35% -0.28%
15.66% 1.56%
5.33% 4.67%
$340 $280
119 20
3.68% 4.07%
101.16 119.66

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3581
Median household income ($/weekly) 775
Median age of persons 56
Median housing loan repayment ($/monthly) 1600
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 367 10.2
    45-54 years 401 11.2
    55-64 years 683 19.1
    65-74 years 653 18.2
    75-84 years 384 10.7
    Others 1093 30.5
    Age Group
    Census Count Percent(%)
    Registered Married 1475 53.3
    Not Married 1065 38.5
    Defacto Relationship 227 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2897 84.4
    Netherlands 45 1.3
    Papua New Guinea 36 1.0
    United Kingdom 237 6.9
    Other 38 1.1
    Others 181 5.3
    Country of Birth
    Census Count Percent(%)
    Christianity 2394 72.9
    No Religion 835 25.4
    Buddhism 27 0.8
    Other Religious Groups 23 0.7
    Judaism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 176 12.8
    $400-$599 236 17.2
    $600-$799 191 13.9
    $800-$999 173 12.6
    $1,500-$1,999 117 8.5
    Others 483 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1671 56.3
    Employed, worked full-time 675 22.7
    Employed, worked part-time 436 14.7
    Unemployed, looking for work 95 3.2
    Employed, away from work 91 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 157 13.1
    Professionals 190 15.8
    Technicians & trades workers 201 16.7
    Clerical & administrative workers 164 13.6
    Labourers 146 12.1
    Others 345 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 39 7.5
    Infants/Primary 169 32.4
    Secondary 172 33.0
    Technical or Further Educational Institution 57 10.9
    University or other Tertiary Institutions 63 12.1
    Others 21 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2977 91.4
    Semi-detached, row or terrace house, townhouse 100 3.1
    Flat, unit or apartment 161 4.9
    Caravan, cabin, houseboat 13 0.4
    Improvised home, tent, sleepers out 3 0.1
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 795 53.2
    Rented 354 23.7
    Being purchased 333 22.3
    Other tenure type 12 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals