Suburb Profile Report for Portland VIC (3305)

Portland House: Median price $235,000, Annual capital growth 1.28%, Number of sales 291, Weekly median advertised rent $270

Portland Unit: Median price $160,000, Annual capital growth 1.69%, Number of sales 21, Weekly median advertised rent $210

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

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.

Metrics i HOUSE UNIT
$235,000 $160,000
0.00% -3.03%
2.17% -19.19%
1.28% 1.69%
$270 $210
291 21
5.97% 6.83%
109.39 114.1

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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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
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