Suburb Profile Report for Port Fairy VIC (3284)

Port Fairy House: Median price $460,000, Annual capital growth 4.80%, Number of sales 85, Weekly median advertised rent $340

Port Fairy Unit: Median price $370,000, Annual capital growth -0.27%, Number of sales 16, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Port Fairy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.79%

Over the longer term, Port Fairy has seen property prices show investors a 15.00% return over the last 3 years. This is worse than over the last 12 months

Port Fairy, 3284 is offering VIC ‘s 296th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

With the median price for a house in Port Fairy being $460000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.84%

VIC has seen average median house prices change by 2.98% which means that Port Fairy, 3284 has done well for property investors by showing a capital gain of 11.78% over the last year

Across a shorter period, Port Fairy, 3284 has seen a median price increase of -9.76% over the last quarter.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of -0.27%, investors should hope to achieve an overall return of 3.94%

Metrics i HOUSE UNIT
$460,000 $370,000
-4.17% -9.76%
2.79% 11.78%
4.80% -0.27%
$340 $280
85 16
3.84% 3.94%
98.83 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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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
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Recent sales & rentals