Suburb Profile Report for Portland VIC (3305)

Portland House: Median price $222,501, Annual capital growth 0.73%, Number of sales 186, Weekly median advertised rent $240

Portland Unit: Median price $152,000, Annual capital growth 3.51%, Number of sales 21, Weekly median advertised rent $170

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$222,501 $152,000
1.14% 1.33%
1.14% 1.33%
0.73% 3.51%
$240 $170
186 21
5.61% 5.82%
148.61 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (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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