Property investors who have had real estate in Port Melbourne, 3207 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.05%
Taking the average capital gain, or increase in median house value, Port Melbourne,3207 has racked up an average of 0.05% over the period. This ranks it number 1315th in the whole country for real estate investors looking at median house price increases.
At number 19th of VIC’s most discounted properties, Port Melbourne is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $725 and the average annual increase in value of a median property of 6.54%, investors should hope to achieve an overall return of 2.53%
Port Melbourne is in the bottom 40% in VIC when comparing median price capital growth over the last year. Port Melbourne gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.36%.
Port Melbourne,3207 has offered an average of 1.36% return per annum in house price rises to property investors over the last three years.
Port Melbourne, 3207 is offering VIC ‘s 163th 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.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 3.48%.