Suburb Profile Report for Portarlington VIC (3223)

Portarlington House: Median price $425,500, Annual capital growth 4.31%, Number of sales 141, Weekly median advertised rent $340

Portarlington Unit: Median price $350,000, Annual capital growth 3.69%, Number of sales 27, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$425,500 $350,000
0.71% N/A
1.31% 12.00%
4.31% 3.69%
$340 $325
141 27
4.16% 4.83%
132.08 83.8

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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