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Portsea, VIC 3944

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Portsea, VIC 3944 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Portsea, VIC 3944”

  1. The total adult population (15 years or older) of Portsea 3944 VIC is 759, with a median age of 68. Of those, 69.57% are married, 11.86% are divorced or separated, 11.46% are single and 6.98% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $13,000. The median monthly mortgage repayment for households in this suburb is $2,806 which is 21.58% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria, the suburb of Portsea 3944 hosts 1,761 households. As we delve into Q3 of 2023, we observe that the typical house prices in Portsea are situated at a considerable $2,964,941. This, paired with a median weekly rent of $990, offers an indicative yield of roughly 1.74%.

    Immersion into the area’s socio-economic landscape promulgates an IRSAD score of 1,136 out of a possible 1,217. This high score shines a positive light on the area, indicating high income levels and a substantial concentration of professional occupation among its residents. Worth noting is the suburb’s low renter to owner ratio at a mere 7%, highlighting a strong homeowning culture, and much lower than the 30% threshold indicating an unfavourable oversaturation of rental properties. Likewise, the units to houses ratio is comfortably set at 5%, substantiating the prevalence of houses over units.

    However, the suburb beholds an affordability index, or years to own, of 89 years. This significantly exceeds the 31-year threshold, suggesting substantially reduced affordability in the area, thereby negatively impacting potential investors with a strict budget.

    Concentrating on the supply metrics, the stock on market Percentage for houses is highly encouraging at a mere 0.06%, well below the 0.4% threshold denoting tight supply. Moreover, the inventory level for houses lands at 0.86 months, painting a picture of quick property turnover. Despite being nestled within the favourable range, the building approval ratio is above average at 1.82%, hinting at a prospective increase in supply.

    As for demand, Portsea manifests attractive signs. A healthy average of 24 days on market for houses indicates high demand, and a buy search index for houses at 9 further affirms this. However, it’s critical to consider the suburb’s vacancy rate. At 5.08% (inclusive of both houses and units), the demand seems slightly stretched due to higher levels of vacant properties currently available.

    Although some metrics veer into unfavourable territory, predominantly affordability index and the vacancy rate, the vast majority present compelling signs for investors with measures indicative of a robust, resilient market. Such investors may find invaluable assistance in the Relative Composite Score (RCS) by HtAG Analytics, a comprehensive multi-metric tool ensuring accurate, informed decisions in the ever-evolving property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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