Giving property investors a an unimpressive capital gain of 2.22% for the last year, Portland, 3305 is the 2835th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Portland comes in at number 571th in VIC.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Portland itself are offering an average vendor discount of -7.18% to real estate investors.
Often selling an investment property can take time, and in Portland the average time real estate has been on the market is 133.7 days.
With the median price for a house in Portland being $230000 and the advertised rent reaching $245 the gross rental yield for property investors calculates out to be 5.54%
Over the last year, property investments in Portland, 3305 have given investors a capital gain of -0.28%. This compares badly with the 6.52% for VIC as a whole.
Comparing Portland,3305 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
With the median price for a house in Portland being $175000 and the advertised rent reaching $165 the gross rental yield for property investors calculates out to be 4.90%