Suburb Profile Report for Port Fairy VIC (3284)

Port Fairy House: Median price $630,000, Annual capital growth 6.73%, Number of sales 89, Weekly median advertised rent $380

Port Fairy Unit: Median price $470,000, Annual capital growth -9.49%, Number of sales 11, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Port Fairy have tracked close to the VIC average of 4.41% over the last 12 months.

A 50.90% growth in median value for property investors in Port Fairy,3284 puts this suburb at number 351th in terms of best performing suburbs in VIC

Property buyers and investors in Port Fairy 3284 should be seeing an average reduction in asking price of around -5.91% . This means that Port Fairy is holding prices well when compared to other suburbs in VIC.

Port Fairy, 3284’s gross rental yield is 3.14%

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

With the median price for a house in Port Fairy being $470000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.20%

Information supplied by:


April 2018

M
O

W
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Vacancies plummet in coastal suburb

Postcode: 3284

Median unit price: $440,000

Vacancy rate: 0.5%

Three-year growth: 17.3%

Located along the Great Ocean Road, Port Fairy is one of Victoria’s top destinations. Homebuyers are showing much interest in this area, as its average vacancy rate plunged from 2.9% in January 2017 to a very tight 0.5% after 12 months.

Apartments are affordable despite nearly 20% growth in the three months to January 2018, which could contribute to its appeal. Prices have been increasing steadily since 2015, which spells good news for its long-term appeal.

Port Fairy is the last stop on Shipwreck Coast, and it teems with history. The suburb is home to old church and 19th-century cottages. It has a lively arts scene, an excellent water activity scene given its proximity to the coast and excellent food.

Metrics i HOUSE UNIT
$630,000 $470,000
1.61% 9.24%
1.61% N/A
6.73% -9.49%
$380 $380
89 11
3.14% 4.20%
112.225352112676 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 3092
Median household income ($/weekly) 924
Median age of persons 48
Median housing loan repayment ($/monthly) 1588
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 332 10.7
    35-44 years 341 11.0
    45-54 years 401 13.0
    55-64 years 510 16.5
    65-74 years 398 12.9
    Others 1111 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1156 52.9
    Not Married 827 37.8
    Defacto Relationship 203 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2699 92.4
    New Zealand 16 0.5
    Papua New Guinea 27 0.9
    United Kingdom 121 4.1
    Other 19 0.7
    Others 39 1.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.6
    Christianity 2034 72.6
    Hinduism 6 0.2
    Other Religious Groups 9 0.3
    No Religion 734 26.2
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 112 10.2
    $400-$599 168 15.2
    $600-$799 126 11.4
    $800-$999 113 10.2
    $1,500-$1,999 129 11.7
    Others 455 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 997 41.3
    Employed, worked full-time 756 31.3
    Employed, worked part-time 495 20.5
    Employed, away from work 106 4.4
    Unemployed, looking for work 58 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 253 18.7
    Professionals 295 21.8
    Technicians & trades workers 198 14.6
    Community & personal service workers 139 10.3
    Labourers 136 10.0
    Others 333 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 56 10.3
    Infants/Primary 212 39.0
    Secondary 163 30.0
    Technical or Further Educational Institution 48 8.8
    University or other Tertiary Institutions 54 9.9
    Others 10 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2482 91.1
    Semi-detached, row or terrace house, townhouse 159 5.8
    Flat, unit or apartment 47 1.7
    Caravan, cabin, houseboat 13 0.5
    House or flat attached to a shop, office 16 0.6
    Others 6 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 567 47.5
    Being purchased 322 27.0
    Rented 297 24.9
    Other tenure type 8 0.7
    Tenure Type
Census 2011, ABS
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