Portsea has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -10.55% to date .
Portsea,3944 has offered an average of -10.55% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Portsea the average time real estate has been on the market is 116.958 days.
Portsea, 3944’s gross rental yield is 2.07%
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Over the last year, property investments in Portsea, 3944 have given investors a capital gain of 17.89%. This compares very favourably with the 0.13% for VIC as a whole.
Over the longer term, Portsea has seen property prices show investors a 5.19% return over the last 3 years. This is an improvement over the last 12 months.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.61% offered to property buyers. Sellers in Portsea itself are offering an average vendor discount of -21.25% to real estate investors.
In the last year 45 properties changed hands in Portsea, which puts it as the 411th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Portsea being $1367500 and the advertised rent reaching $772.5 the gross rental yield for property investors calculates out to be 2.94%.
Gorgeous bay beaches
Portsea golf club
Popular surf beaches
National park with cliff top walking tracks abutting Bass Strait
Approx 1 hours drive from Melbourne CBD.
Most sought-after properties:
Properties close to Portsea pier or cliff top.
Most common properties:
Portsea golf club
Bay & ocean beaches
Local industry and business:
Tourism and hospitality are the main businesses
Point Nepean Road
Bus service connects from Portsea to Frankston