Suburb Profile Report for Portland VIC (3305)

Portland House: Median price $220,000, Annual capital growth 0.76%, Number of sales 155, Weekly median advertised rent $240

Portland Unit: Median price $145,000, Annual capital growth 0.22%, Number of sales 18, Weekly median advertised rent $175

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$220,000 $145,000
0.00% -3.33%
2.33% -7.94%
0.76% 0.22%
$240 $175
155 18
5.67% 6.28%
154.39 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (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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