If you compare the increase in value of investment property in Portland, 3305 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.33%.
A -6.38% growth in median value for property investors in Portland,3305 puts this suburb at number 534th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -7.51% to buyers in Portland at the moment, which is less than average for the rest of VIC.
Portland, 3305’s gross rental yield is 5.67%
Property investors who have had real estate in Portland, 3305 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 -7.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Portland comes in at number 354th in VIC.
In the last year 18 properties changed hands in Portland, which puts it as the 313th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2100 per annum or $175 every week.