Portland has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.14% to date .
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.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Portland itself are offering an average vendor discount of -7.73% to real estate investors.
The VIC suburb of Portland, 3305 is in the Glenelg local government area.
With a capital gain of 1.33% for the last 12 months, Portland, 3305 has performed for property investments than its average annual 3.51% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Portland comes in at number 365th in VIC.