Giving property investors a an average capital gain of 5.95% for the last year, Portland, 3305 is the 1707th highest performer in Australia in this respect.
Portland,3305 was ranked 1920 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Portland is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 74th in terms of most discounted suburbs in VIC
Advertised rents are around the $240 mark per week – giving a return of 5.61% based on the median price in Suburb
VIC has seen average median house prices change by 3.19% which means that Portland, 3305 has done well for property investors by showing a capital gain of 28.93% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Portland has fallen somewhat when compared to the 5 year average annual rate.
With the median price for a house in Portland being $180500 and the advertised rent reaching $175 the gross rental yield for property investors calculates out to be 5.04%