Over the last year, property investments in Portland, 2847 have given investors a capital gain of 2.73%. This compares very badly with the 11.67% for NSW as a whole.
Over the longer term, Portland has seen property prices show investors a 17.51% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Portland, 2847. Typically our figures indicate that -5.22% is being offered, which puts this NSW suburb at 343th most discounted overall in Australia.
At number 1025 in a list of fastest selling suburbs, Portland is in the bottom 10% of suburbs in Australia with an average of days on market 109.59 for properties listed there.
With the median price for a house in Portland being $245000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.16%