Giving property investors a a solid capital gain of 8.11% for the last year, Portland, 3305 is the 609th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Portland,3305 has racked up an average of 8.11% over the period. This ranks it number 1384th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Portland itself are offering an average vendor discount of -5.43% to real estate investors.
The VIC suburb of Portland, 3305 is in the Glenelg (S) local government area.
VIC has seen average median house prices change by 0.68% which means that Portland, 3305 has done well for property investors by showing a capital gain of -13.33% over the last year
If we look at median property appreciation over just the last three months, Portland has given property investors a paper return of -2.99%. This puts Suburb as 290 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Portland is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 138th in terms of most discounted suburbs in VIC
Advertised rents are around the $240 mark per week – giving a return of 7.68% based on the median price in Suburb