Suburb Profile Report for Portland NSW (2847)

Portland House: Median price $245,000, Annual capital growth 5.40%, Number of sales 65, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

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%

Metrics i HOUSE UNIT
$245,000 N/A
4.26% N/A
2.73% N/A
5.40% N/A
$290 N/A
65 N/A
6.16% N/A
109.59 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2307
Median household income ($/weekly) 901
Median age of persons 43
Median housing loan repayment ($/monthly) 1430
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 314 13.6
    35-44 years 249 10.8
    45-54 years 349 15.1
    55-64 years 361 15.6
    65-74 years 262 11.4
    Others 773 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 821 48.8
    Not Married 678 40.3
    Defacto Relationship 184 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2018 92.7
    Greece 14 0.6
    Papua New Guinea 18 0.8
    United Kingdom 60 2.8
    Other 19 0.9
    Others 49 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1784 83.8
    No Religion 328 15.4
    Buddhism 7 0.3
    Other Religious Groups 7 0.3
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 84 10.4
    $400-$599 119 14.7
    $600-$799 82 10.2
    $800-$999 95 11.8
    $1,500-$1,999 73 9.0
    Others 354 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 828 46.8
    Employed, worked full-time 565 31.9
    Employed, worked part-time 253 14.3
    Employed, away from work 64 3.6
    Unemployed, looking for work 59 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 163 18.4
    Community & personal service workers 106 12.0
    Clerical & administrative workers 108 12.2
    Machinery operators & drivers 150 16.9
    Labourers 112 12.6
    Others 247 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 44 9.4
    Infants/Primary 187 39.8
    Secondary 148 31.5
    Technical or Further Educational Institution 56 11.9
    University or other Tertiary Institutions 22 4.7
    Others 13 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2152 99.3
    Flat, unit or apartment 9 0.4
    Semi-detached, row or terrace house, townhouse 7 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 47.1
    Being purchased 318 36.9
    Rented 131 15.2
    Other tenure type 7 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals