Over the last year, property investments in Portland, 3305 have given investors a capital gain of 2.17%. This compares averagely with the 3.76% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Portland,3305 has racked up an average of 2.17% over the period. This ranks it number 2615th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Portland should be aiming for at least -5.49% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Portland the average time real estate has been on the market is 109.39 days.
Portland, 3305’s gross rental yield is 5.97%
VIC has seen average median house prices change by 2.97% which means that Portland, 3305 has done well for property investors by showing a capital gain of -19.19% over the last year
Property buyers and investors in Portland 3305 should be seeing an average reduction in asking price of around -5.66% . This means that Portland is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Renters in Suburb are facing rents around $10920 per annum or $210 every week.