With a capital gain of 6.76% for the last 12 months, Port Melbourne, 3207 has performed for property investments than its average annual 6.88% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Melbourne has increased when compared to the 5 year average annual rate.
At number 617th of VIC’s most discounted properties, Port Melbourne is in the TOP 10% of the state/territory when listing in order of most discounted to least.
A $680 per week rent on the median house gives suburb investors a gross yield of circa 2.36%, without taking into account capital value appreciation, which has been averaging out at 6.88%.
VIC has seen average median house prices change by 6.52% which means that Port Melbourne, 3207 has done well for property investors by showing a capital gain of 2.78% over the last year
While Port Melbourne,3207 ranked number 228th in VIC for increase in median house value (annualised) increase, it is ranked 230th over the last 5 years.
Property buyers and investors in Port Melbourne 3207 should be seeing an average reduction in asking price of around -4.12% . This means that Port Melbourne is holding prices well when compared to other suburbs in VIC.
Situated 3.15km from the CBD, Port Melbourne is one of Port Phillip localities in the postcode 3207.