If you compare the increase in value of investment property in Portland, 3305 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.55%.
Taking the average capital gain, or increase in median house value, Portland,3305 has racked up an average of 4.55% over the period. This ranks it number 3028th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Portland are currently offering property investors an average price cut of -7.94% below the asking price at the moment.
On average over the past year, suburb has had 15.42 sales per month, which equates to 185 per year.
Using the current median advertised rental of $240 and the average annual increase in value of a median property of 1.18%, investors should hope to achieve an overall return of 5.43%
Portland, 3305 ranked 268th in VIC when comparing growth in median property values or capital gain over the last 12 months. Portland is one of 2098 in our list for VIC
Taking the average capital gain, or increase in median house value, Portland,3305 has racked up an average of 0.00% over the period. This ranks it number 1702th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Portland being $150000 and the advertised rent reaching $170 the gross rental yield for property investors calculates out to be 5.89%