Property investors who have had real estate in Portarlington, 3223 should be relatively 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 12.03%
Over the longer term, Portarlington has seen property prices show investors a 20.99% return over the last 3 years. This is worse than over the last 12 months
Portarlington3223 is located in VIC which offers an average discount of -5.80% to property investors. Portarlington itself is showing figures that indicate -6.20% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 9.58 sales per month, which equates to 115 per year.
With the median price for a house in Portarlington being $475000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.72%
With a capital gain of 2.13% for the last 12 months, Portarlington, 3223 has performed for property investments than its average annual 4.20% property growth over the last 5 years.
While Portarlington,3223 ranked number 190th in VIC for increase in median house value (annualised) increase, it is ranked 248th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Portarlington, 3223. Typically our figures indicate that -4.46% is being offered, which puts this VIC suburb at 919th most discounted overall in Australia.
In the last year 20 properties changed hands in Portarlington, which puts it as the 296th most active market in VIC when comparing the number of sales per suburb.