Suburb Profile Report for Portarlington VIC (3223)

Portarlington House: Median price $480,000, Annual capital growth 5.34%, Number of sales 111, Weekly median advertised rent $345

Portarlington Unit: Median price $358,000, Annual capital growth 4.60%, Number of sales 19, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Portarlington is in the TOP 30% in VIC when comparing median price capital growth over the last year. Portarlington gave property investors a good capital gain figure when compared to the rest of the state, with 13.61%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Portarlington has increased when compared to the 5 year average annual rate.

Portarlington3223 is located in VIC which offers an average discount of -5.91% to property investors. Portarlington itself is showing figures that indicate -7.42% is the average achievable by property buyers investing in the suburb.

In the last year 111 properties changed hands in Portarlington, which puts it as the 237th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $345 weekly from the median priced house in this suburb.

Over the last year, property investments in Portarlington, 3223 have given investors a capital gain of 2.29%. This compares averagely with the 3.49% for VIC as a whole.

Comparing Portarlington,3223 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

The most recent median price for Portarlington is $358000, with sellers offering an average of -3.81% off the asking price.

Portarlington, 3223’s gross rental yield is 4.14%

Metrics i HOUSE UNIT
$480,000 $358,000
1.59% 0.42%
13.61% 2.29%
5.34% 4.60%
$345 $285
111 19
3.74% 4.14%
113.12 120.27

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
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Recent sales & rentals