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%