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Portland, VIC 3305

Home » VIC Real Estate Data » Glenelg Shire, VIC » Portland, VIC 3305

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 Portland, VIC 3305 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 “Portland, VIC 3305”

  1. The total adult population (15 years or older) of Portland 3305 VIC is 8,446, with a median age of 47. Of those, 42.34% are married, 15.71% are divorced or separated, 34.57% are single and 7.40% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,944. The median monthly mortgage repayment for households in this suburb is $1,083 which is 18.22% of their earnings.

    Source: ABS Census Data (2021)

  2. Houses in the suburb of Portland, postcode 3305 in Victoria, are currently drawing significant attention due to decent property market indicators in the region. As of Q3 of 2023, Portland is home to approximately 6341 households, indicating immense housing and rental potential in the suburb.

    Diving into the precise metrics, houses in Portland have a typical price point sitting at approximately $499,638 AUD, with the median weekly rent set at $400. This translates into an attractive indicative yield of 4.16% for investors seeking cashflow-centered investment – a percentage surpassing the minimum market requirement of 3%.

    It’s worth noting, the suburb poses a socio-economic score of 891 out of a possible 1217, representing a robust socio-economic status with access to necessary resources and ample opportunities.

    Further reinforcing the strength of the Portland property market is the renter to owner ratio, which stands at a healthy 27%. This figure is comfortably within the favourable range (below 30%), indicating that the market is not oversaturated with rental properties and thus, helping maintain stable returns in the long term.

    Moreover, the suburb of Portland has an impressively low units to houses ratio of just 8%, creating an ideal environment for landlords with reduced competition for tenants and an overall appeal to stable, family-oriented renters.

    When it comes to affordability, the affordability index for houses in this region stands at 33 years, identifying that despite slightly decreased affordability, there is still substantial buyer interest sustained.

    The supply metrics present a clear picture of Portland’s property market dynamics. The stock on market Percentage for houses is a favourable low 0.28%, while the inventory level for houses demonstrates a healthy market absorption rate, measured at 1.14 months. The building approvals Ratio is also within the favourable range at 0.34%, indicating low supply.

    The market’s demand metrics show a days on market (DoM) level of 63 days for houses and a respectable vacancy rate of 1.53%—these figures suggest a balanced market situation where demand meets supply adequately. The Buy Search Index, however, flags slight concerns with a value of 3, hinting at limited housing demand in the area.

    Despite a few metrics indicating potential challenges, the property market in Portland appears to be in decent health, with majority metrics falling into favourable ranges. Interested investors are reminded to continuously monitor these key indicators and consider leveraging tools such as the RCS (Relative Composite Score) for efficient market analysis.

    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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