Investment property in Port Fairy has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.76%
Port Fairy,3284 was ranked 2233 in Australia by increase in median property value over the quarter.
Port Fairy, 3284 is offering VIC ‘s 228th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
In the last year 103 properties changed hands in Port Fairy, which puts it as the 264th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 3.79%
Property investors who have had real estate in Port Fairy, 3284 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -35.65%
If we look at median property appreciation over just the last three months, Port Fairy has given property investors a paper return of -14.45%. This puts Suburb as 363 on a list of fastest fasting appreciating suburbs in VIC
Port Fairy, 3284’s gross rental yield is 3.94%