Port Fairy has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.67% to date .
Port Fairy,3284 was ranked 1414 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.17% offered to property buyers. Sellers in Port Fairy itself are offering an average vendor discount of -3.99% to real estate investors.
Renters in Suburb are facing rents around $4260 per annum or $355 every week.
Port Fairy, 3284 ranked 184th in VIC when comparing growth in median property values or capital gain over the last 12 months. Port Fairy is one of 2098 in our list for VIC
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 monthsFull summary
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Vacancies plummet in coastal suburb
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.Close