Giving property investors a a poor capital gain of -14.84% for the last year, Port Melbourne, 3207 is the 3755th highest performer in Australia in this respect.
Across a shorter period, Port Melbourne, 3207 has seen a median price increase of 0.04% over the last quarter.
Our latest figures would indicate that property sellers in Port Melbourne are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
Advertised rents are around the $745 mark per week – giving a return of 2.97% based on the median price in Suburb
With a capital gain of 8.46% for the last 12 months, Port Melbourne, 3207 has performed for property investments than its average annual 3.49% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Port Melbourne comes in at number 229th in VIC.
Port Melbourne, 3207 is offering VIC ‘s 144th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
With the median price for a house in Port Melbourne being $705000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 4.43%