Giving property investors a an unimpressive capital gain of 1.31% for the last year, Portarlington, 3223 is the 2698th highest performer in Australia in this respect.
Portarlington,3223 was ranked 1950 in Australia by increase in median property value over the quarter.
Portarlington, 3223 is offering VIC ‘s 151th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Portarlington the average time real estate has been on the market is 132.08 days.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 4.16%
Portarlington has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.00% to date .
Our latest figures would indicate that property sellers in Portarlington are currently offering property investors an average price cut of -4.92% below the asking price at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Situated 43.61km from the CBD, Portarlington is one of Greater Geelong localities in the postcode 3223.