VIC has seen average median house prices change by 2.87% which means that Portarlington, 3223 has done well for property investors by showing a capital gain of -1.61% over the last year
While Portarlington,3223 ranked number 657th in VIC for increase in median house value (annualised) increase, it is ranked 119th over the last 5 years.
Our latest figures would indicate that property sellers in Portarlington are currently offering property investors an average price cut of -9.54% below the asking price at the moment.
Often selling an investment property can take time, and in Portarlington the average time real estate has been on the market is 95.8026 days.
With the median price for a house in Portarlington being $610000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 2.90%
Portarlington,3223 was ranked 118 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.75% to buyers in Portarlington at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Portarlington, 3223’s gross rental yield is 3.39%