Suburb Profile Report for Port Fairy VIC (3284)

Port Fairy House: Median price $460,000, Annual capital growth 4.88%, Number of sales 90, Weekly median advertised rent $340

Port Fairy Unit: Median price $410,000, Annual capital growth -0.28%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Port Fairy, 3284 ranked 504th in VIC when comparing growth in median property values or capital gain over the last 12 months. Port Fairy is one of 2098 in our list for VIC

A 19.48% growth in median value for property investors in Port Fairy,3284 puts this suburb at number 669th in terms of best performing suburbs in VIC

Vendor discounting in Port Fairy is giving property investors an average Vendor Discount of around -5.79%. This puts suburb at number 283th in VIC when ranking the most discounted suburbs.

In the last year 90 properties changed hands in Port Fairy, which puts it as the 286th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.88%, investors should hope to achieve an overall return of 3.84%

At number 54th in the list of Australian suburbs ordered by increase in median house value over the last year, Port Fairy, 3284 is in the top 10% with a property value increase of 24.24% recorded in median house prices.

Port Fairy,3284 has offered an average of 24.24% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

HOUSE UNIT
$460,000 $410,000
-7.07% -3.53%
3.95% 24.24%
4.88% -0.28%
$340 $280
90 13
3.84% 3.55%
105.32 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Port Fairy VIC
Demographics
Total population 3092
Median household income ($/weekly) 924
Median age of persons 48
Median housing loan repayment ($/monthly) 1588
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 332 10.7
    35-44 years 341 11.0
    45-54 years 401 13.0
    55-64 years 510 16.5
    65-74 years 398 12.9
    Others 1111 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1156 52.9
    Not Married 827 37.8
    Defacto Relationship 203 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2699 92.4
    New Zealand 16 0.5
    Papua New Guinea 27 0.9
    United Kingdom 121 4.1
    Other 19 0.7
    Others 39 1.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.6
    Christianity 2034 72.6
    Hinduism 6 0.2
    Other Religious Groups 9 0.3
    No Religion 734 26.2
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 112 10.2
    $400-$599 168 15.2
    $600-$799 126 11.4
    $800-$999 113 10.2
    $1,500-$1,999 129 11.7
    Others 455 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 997 41.3
    Employed, worked full-time 756 31.3
    Employed, worked part-time 495 20.5
    Employed, away from work 106 4.4
    Unemployed, looking for work 58 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 253 18.7
    Professionals 295 21.8
    Technicians & trades workers 198 14.6
    Community & personal service workers 139 10.3
    Labourers 136 10.0
    Others 333 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 56 10.3
    Infants/Primary 212 39.0
    Secondary 163 30.0
    Technical or Further Educational Institution 48 8.8
    University or other Tertiary Institutions 54 9.9
    Others 10 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2482 91.1
    Semi-detached, row or terrace house, townhouse 159 5.8
    Flat, unit or apartment 47 1.7
    Caravan, cabin, houseboat 13 0.5
    House or flat attached to a shop, office 16 0.6
    Others 6 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 567 47.5
    Being purchased 322 27.0
    Rented 297 24.9
    Other tenure type 8 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals