Suburb Profile Report for Portland VIC (3305)

Portland House: Median price $220,000, Annual capital growth 1.47%, Number of sales 148, Weekly median advertised rent $238

Portland Unit: Median price $147,500, Annual capital growth 2.65%, Number of sales 14, Weekly median advertised rent $175

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2426th in the list of Australian suburbs ordered by increase in median house value over the last year, Portland, 3305 is in the BOTTOM 50% with a property value increase of 2.80% recorded in median house prices.

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.

Portland3305 is located in VIC which offers an average discount of -6.00% to property investors. Portland itself is showing figures that indicate -8.62% is the average achievable by property buyers investing in the suburb.

At number 3716 in a list of fastest selling suburbs, Portland is in the bottom 10% of suburbs in Australia with an average of days on market 166.72 for properties listed there.

Property investors should expect to get $237.5 weekly from the median priced house in this suburb.

Portland is in the TOP 30% in VIC when comparing median price capital growth over the last year. Portland gave property investors a good capital gain figure when compared to the rest of the state, with 9.26%.

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.

Portland is 9th on a list of best yielding suburbs for rents in VIC with a 6.17% return

Metrics i HOUSE UNIT
$220,000 $147,500
0.00% -15.71%
2.80% 9.26%
1.47% 2.65%
$238 $175
148 14
5.61% 6.17%
166.72 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 9600
Median household income ($/weekly) 898
Median age of persons 41
Median housing loan repayment ($/monthly) 1200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1261 13.1
    25-34 years 1094 11.4
    35-44 years 1235 12.9
    45-54 years 1420 14.8
    55-64 years 1331 13.9
    Others 3259 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3138 46.6
    Not Married 2876 42.7
    Defacto Relationship 723 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8236 91.1
    New Zealand 52 0.6
    Papua New Guinea 106 1.2
    United Kingdom 278 3.1
    Other 92 1.0
    Others 275 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.0
    Christianity 5734 67.4
    Hinduism 22 0.3
    Other Religious Groups 50 0.6
    No Religion 2603 30.6
    Others 15 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 371 10.8
    $400-$599 529 15.3
    $600-$799 411 11.9
    $800-$999 337 9.8
    $1,500-$1,999 427 12.4
    Others 1372 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2915 39.9
    Employed, worked full-time 2369 32.4
    Employed, worked part-time 1451 19.9
    Employed, away from work 337 4.6
    Unemployed, looking for work 230 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 593 14.3
    Technicians & trades workers 739 17.8
    Community & personal service workers 451 10.8
    Machinery operators & drivers 474 11.4
    Labourers 583 14.0
    Others 1317 31.7
    Occupation
    Census Count Percent(%)
    Pre-school 144 7.1
    Infants/Primary 794 39.3
    Secondary 675 33.4
    Technical or Further Educational Institution 235 11.6
    University or other Tertiary Institutions 97 4.8
    Others 74 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7985 92.7
    Flat, unit or apartment 396 4.6
    Semi-detached, row or terrace house, townhouse 211 2.4
    Caravan, cabin, houseboat 19 0.2
    House or flat attached to a shop, office 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1300 34.9
    Being purchased 1300 34.9
    Rented 1116 30.0
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
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