Over the last year, property investments in Port Melbourne, 3207 have given investors a capital gain of 6.95%. This compares badly with the 10.47% for VIC as a whole.
Across a shorter period, Port Melbourne, 3207 has seen a median price increase of -0.99% over the last quarter.
Port Melbourne, 3207 is offering VIC ‘s 15th 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.
Advertised rents are around the $692.5 mark per week – giving a return of 2.40% based on the median price in Suburb
With a capital gain of -1.38% for the last 12 months, Port Melbourne, 3207 has performed for property investments than its average annual 3.93% 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 355th in VIC.
The most recent median price for Port Melbourne is $715000, with sellers offering an average of -4.88% off the asking price.
On average over the past year, suburb has had 28.25 sales per month, which equates to 339 per year.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 3.93%, investors should hope to achieve an overall return of 4.15%