Port Phillip, VIC Report (Units)

2018 Q2 Forecast, Market Cycle Analysis and Suburb Ranking

Port Phillip, VIC Report (Units)

Units in PORT-PHILLIP LGA, VIC

Forecasts

These time series graphs chart PORT-PHILLIP LGA, VIC housing market past performance. In addition, forecasts generated by our proprietary machine learning algorithm are presented. Examine the graphs and pay particular attention to good and bad signals. Areas with steady growth in median price and high volume of sales tend to yield best investment opportunities.

Good Signals

  • Overall Sales above 40/quarter
  • Suburb Level Sales above 10/quarter
  • Low Median Price Volatility

Bad Signals

  • Overall Sales under 40/quarter
  • Suburb Level Sales under 10/quarter
  • High Median Price Volatility

Graphs in this section chart the annual percent change in price. This type of graph is used to understand where an area is in its’ market cycle. Commonly a cycle lasts anywhere between 2 to 7 years. Normally neighbouring suburbs follow a similar cycle; however, counter-cycles are not uncommon. Pay attention to good and bad signals when reading this graph. Best investment opportunities present themselves just after the cycle reaches its’ trough – 7th hour on the property clock.

Good Signals

  • Red line is crossed no more than 1 time
  • Most of the graph is above the red line
  • Negative growth does not exceed -7%

Bad Signals

  • Red line is crossed more than 1 time
  • More than 20% of the graph is below the red line
  • Negative growth exceeds -7%

Suburb Ranking

This table will help you pick a suburb with highest forecasted growth. If you know your target price, type it in Max Median Price filter to exclude suburbs that are over your budget. Even though Low confidence suburbs may have higher growth rate, they are risky areas to invest in.



HtAG collects property sales data continuously and, as a result, our forecast model reacts to changes in market conditions in near real-time. Our algorithm follows more than 6,392 distinct property markets and produces suburb level market cycle analysis & median price forecasts progressively as new data becomes available. Sign up today & get access to over 400 current reports that will help you discover some of the best investment locations in Q2 2019.

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Price growth heatmaps for years 2018-2019. Rent, Yield, Median Price and sales Analytics for the past 10 years.
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All Public plan features. Year 2021 median price forecasts and market cycle analysis for 400 LGAs and 6,392 suburbs.
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Terry
Terry James
1 Comment
  • Avatar
    Eugene
    Reply
    Posted at 11:13 am, February 16, 2019

    Terry, thanks for this! Especially with the explanations on good and bad signals. I was reading on the market on Port Phillip and yours has got to be one of the best layouts and user friendly interface. Oldies like me have to easily adjust to this new technology of the internet, but I’m keeping up! Would you say Port Phillip is a good place to invest in as of the moment? Or should I wait it out a little longer.

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