Port Melbourne has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.93% to date .
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.
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 Port Melbourne, 3207. Typically our figures indicate that -4.04% is being offered, which puts this VIC suburb at 2690th most discounted overall in Australia.
Residents and property investors in Port Melbourne have been waiting around 67.9825 days to sell a property.
With the median price for a house in Port Melbourne being $1430000 and the advertised rent reaching $730 the gross rental yield for property investors calculates out to be 2.65%
Port Melbourne is an average performer in VIC when comparing median price capital growth over the last year. Port Melbourne gave property investors a good capital gain figure when compared to the rest of the state, with 9.48%.
Port Melbourne,3207 has offered an average of 9.48% return per annum in house price rises to property investors over the last three years.
At number 202th of VIC’s most discounted properties, Port Melbourne is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Port Melbourne the average time real estate has been on the market is 67.5304 days.