If you compare the increase in value of investment property in Portland, 3305 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.46%.
Across a shorter period, Portland, 3305 has seen a median price increase of 3.51% over the last quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.44% offered to property buyers. Sellers in Portland itself are offering an average vendor discount of -5.55% to real estate investors.
The VIC suburb of Portland, 3305 is in the Glenelg (S) local government area.
Portland, 3305 ranked 303th in VIC when comparing growth in median property values or capital gain over the last 12 months. Portland is one of 2099 in our list for VIC
A 9.14% growth in median value for property investors in Portland,3305 puts this suburb at number 333th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Portland is offering property investors an average of -4.28. This rate of discount on properties puts Suburb at number 55th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Portland the average time real estate has been on the market is 105.636 days.
Using the current median advertised rental of $265 and the average annual increase in value of a median property of -0.77%, investors should hope to achieve an overall return of 7.21%