Suburb Profile Report for Portland VIC (3305)

Portland House: Median price $230,000, Annual capital growth 0.91%, Number of sales 215, Weekly median advertised rent $245

Portland Unit: Median price $175,000, Annual capital growth 5.41%, Number of sales 22, Weekly median advertised rent $165

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$230,000 $175,000
0.00% 15.89%
2.22% -0.28%
0.91% 5.41%
$245 $165
215 22
5.54% 4.90%
133.7 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Portland VIC
Demographics
Total population 9600
Median household income ($/weekly) 898
Median age of persons 41
Median housing loan repayment ($/monthly) 1200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1261 13.1
    25-34 years 1094 11.4
    35-44 years 1235 12.9
    45-54 years 1420 14.8
    55-64 years 1331 13.9
    Others 3259 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3138 46.6
    Not Married 2876 42.7
    Defacto Relationship 723 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8236 91.1
    New Zealand 52 0.6
    Papua New Guinea 106 1.2
    United Kingdom 278 3.1
    Other 92 1.0
    Others 275 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.0
    Christianity 5734 67.4
    Hinduism 22 0.3
    Other Religious Groups 50 0.6
    No Religion 2603 30.6
    Others 15 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 371 10.8
    $400-$599 529 15.3
    $600-$799 411 11.9
    $800-$999 337 9.8
    $1,500-$1,999 427 12.4
    Others 1372 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2915 39.9
    Employed, worked full-time 2369 32.4
    Employed, worked part-time 1451 19.9
    Employed, away from work 337 4.6
    Unemployed, looking for work 230 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 593 14.3
    Technicians & trades workers 739 17.8
    Community & personal service workers 451 10.8
    Machinery operators & drivers 474 11.4
    Labourers 583 14.0
    Others 1317 31.7
    Occupation
    Census Count Percent(%)
    Pre-school 144 7.1
    Infants/Primary 794 39.3
    Secondary 675 33.4
    Technical or Further Educational Institution 235 11.6
    University or other Tertiary Institutions 97 4.8
    Others 74 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7985 92.7
    Flat, unit or apartment 396 4.6
    Semi-detached, row or terrace house, townhouse 211 2.4
    Caravan, cabin, houseboat 19 0.2
    House or flat attached to a shop, office 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1300 34.9
    Being purchased 1300 34.9
    Rented 1116 30.0
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals