Suburb Profile Report for Portsea VIC (3944)

Portsea House: Median price $1,725,000, Annual capital growth 9.85%, Number of sales 59, Weekly median advertised rent $875

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Portsea has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.17%

Portsea,3944 has offered an average of -4.17% return per annum in house price rises to property investors over the last three years.

Portsea, 3944 is offering VIC ‘s 53th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Using the current median advertised rental of $875 and the average annual increase in value of a median property of 9.85%, investors should hope to achieve an overall return of 2.64%

Joshua Callaghan Information supplied by:

Joshua Callaghan
Joshua Callaghan

M 03 5984 2600
O 0418 595 719

W http://joshcallaghan.com.au/
E Joshua.callaghan@fletchers.net.au
Over the last year, property investments in Portsea, 3944 have given investors a capital gain of 17.89%. This compares very favourably with the 0.13% for VIC as a whole.

Over the longer term, Portsea has seen property prices show investors a 5.19% return over the last 3 years. This is an improvement over the last 12 months.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.61% offered to property buyers. Sellers in Portsea itself are offering an average vendor discount of -21.25% to real estate investors.
In the last year 45 properties changed hands in Portsea, which puts it as the 411th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Portsea being $1367500 and the advertised rent reaching $772.5 the gross rental yield for property investors calculates out to be 2.94%Full summary
Over the last year, property investments in Portsea, 3944 have given investors a capital gain of 17.89%. This compares very favourably with the 0.13% for VIC as a whole.
 
Over the longer term, Portsea has seen property prices show investors a 5.19% return over the last 3 years. This is an improvement over the last 12 months.
 
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.61% offered to property buyers. Sellers in Portsea itself are offering an average vendor discount of -21.25% to real estate investors.
In the last year 45 properties changed hands in Portsea, which puts it as the 411th most active market in VIC when comparing the number of sales per suburb.
 
With the median price for a house in Portsea being $1367500 and the advertised rent reaching $772.5 the gross rental yield for property investors calculates out to be 2.94%.
 
Selling points: 
Portsea hotel
Gorgeous bay beaches
Portsea golf club
Popular surf beaches
National park with cliff top walking tracks abutting Bass Strait
Approx 1 hours drive from Melbourne CBD.
 
Most sought-after properties: 
Properties close to Portsea pier or cliff top.
 
Most common properties:  
Larger estates.
 
Top amenities: 
Portsea golf club
Bay & ocean beaches
Portsea hotel
 
Local industry and business:
Tourism and hospitality are the main businesses
 
Best streets: 
Point Nepean Road
Blair Road
 
Public transport: 
Bus service connects from Portsea to Frankston

 

Close
HOUSE UNIT
$1,725,000 N/A
-7.01% N/A
-4.17% N/A
9.85% N/A
$875 N/A
59 N/A
2.64% N/A
130.6 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Portsea VIC
Demographics
Total population 445
Median household income ($/weekly) 1841
Median age of persons 65
Median housing loan repayment ($/monthly) 2167
Average household size 1.9
  • Census Count Percent(%)
    35-44 years 26 5.8
    45-54 years 26 5.8
    55-64 years 118 26.5
    65-74 years 140 31.4
    75-84 years 62 13.9
    Others 74 16.6
    Age Group
    Census Count Percent(%)
    Registered Married 181 66.3
    Not Married 76 27.8
    Defacto Relationship 16 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 357 84.4
    Croatia 3 0.7
    Papua New Guinea 11 2.6
    United Kingdom 22 5.2
    Other 6 1.4
    Others 24 5.7
    Country of Birth
    Census Count Percent(%)
    Christianity 327 80.1
    No Religion 81 19.9
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 11 8.3
    $1,250-$1,499 14 10.5
    $1,500-$1,999 20 15.0
    $2,500-$2,999 21 15.8
    $3,000-$3,499 12 9.0
    Others 55 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 212 54.8
    Employed, worked full-time 90 23.3
    Employed, worked part-time 74 19.1
    Unemployed, looking for work 6 1.6
    Employed, away from work 5 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 58 34.1
    Professionals 47 27.6
    Technicians & trades workers 23 13.5
    Clerical & administrative workers 16 9.4
    Sales 18 10.6
    Others 8 4.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 10 27.0
    Secondary 9 24.3
    University or other Tertiary Institutions 9 24.3
    Technical or Further Educational Institution 6 16.2
    Pre-school 3 8.1
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 284 91.3
    Semi-detached, row or terrace house, townhouse 16 5.1
    House or flat attached to a shop, office 7 2.3
    Flat, unit or apartment 4 1.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 100 64.5
    Being purchased 31 20.0
    Rented 24 15.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals