Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $216,000 | 0.0% | $70,000 | $735,000 | 94 |
| 2010 | $228,000 | +5.3% | $112,000 | $1,250,000 | 185 |
| 2011 | $240,000 | +5.0% | $100,000 | $830,000 | 163 |
| 2012 | $237,000 | -1.3% | $100,002 | $495,000 | 124 |
| 2013 | $235,001 | -0.9% | $65,000 | $650,000 | 339 |
| 2014 | $219,000 | -7.3% | $90,000 | $599,000 | 145 |
| 2015 | $225,000 | +2.7% | $105,000 | $650,000 | 129 |
| 2016 | $230,000 | +2.2% | $80,000 | $485,000 | 159 |
| 2017 | $250,000 | +8.0% | $82,500 | $1,040,000 | 270 |
| 2018 | $250,000 | 0.0% | $80,000 | $950,000 | 291 |
| 2019 | $271,000 | +7.7% | $107,000 | $1,050,000 | 274 |
| 2020 | $305,000 | +11.1% | $130,000 | $1,025,000 | 252 |
| 2021 | $380,000 | +19.7% | $165,000 | $1,180,000 | 292 |
| 2022 | $460,000 | +17.4% | $250,000 | $1,300,000 | 226 |
| 2023 | $440,000 | -4.5% | $130,000 | $2,200,000 | 176 |
| 2024 | $440,000 | 0.0% | $275,000 | $1,300,000 | 48 |
Median Sale Price
$440K
Based on 164 recorded sales within the last 12 months
Updated on 27 Apr 2024
Suburb Growth
-4.5%
Current Median Price: $440,000
Previous Median Price: $460,000
Based on 359 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $230 | 0.0% | $140 | $500 | 144 |
| 2012 | $250 | +8.0% | $165 | $750 | 173 |
| 2013 | $245 | -2.0% | $90 | $1,000 | 311 |
| 2014 | $240 | -2.1% | $140 | $650 | 278 |
| 2015 | $250 | +4.0% | $130 | $600 | 264 |
| 2016 | $250 | 0.0% | $120 | $1,105 | 185 |
| 2017 | $265 | +5.7% | $140 | $550 | 121 |
| 2018 | $290 | +8.6% | $180 | $480 | 88 |
| 2019 | $320 | +9.4% | $190 | $650 | 136 |
| 2020 | $360 | +11.1% | $240 | $650 | 136 |
| 2021 | $370 | +2.7% | $190 | $670 | 125 |
| 2022 | $400 | +7.5% | $190 | $620 | 139 |
| 2023 | $420 | +4.8% | $180 | $1,000 | 172 |
| 2024 | $440 | +4.5% | $300 | $700 | 56 |
Median Rent Price
$420
per week
Based on 152 recorded rent within the last 12 months
Updated on 27 Apr 2024
Rent Price Growth
+4.8%
Current Median Rent: $420
Previous Median Rent: $400
Based on 313 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5%
Current Median Price: $440,000
Current Median rent: $420
Based on 316 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Portland
Houses sold in Last 12 months ends 20 Apr 2024
$400K
Median Sale Price
100%
Clearance Rate
8/8
Sold/Reported
$700K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K | 1 | |
| $400 K - $600 K (Median Price Range) | 3 | |
| less than $400 K | 4 | |
Similar Suburbs to Portland 3305
Based on median house sale price sold in last 12 months
Schools closest to Portland, VIC 3305
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St John's Lutheran Primary School | 43-55 TRANGMAR STREETPortland 3305 | Primary | Independent | 0.71 km |
| All Saints Parish School | FAWTHROP STREETPortland 3305 | Primary | Catholic | 1.2 km |
| Portland Primary School | 45 PALMER STREETPortland 3305 | Primary | Government | 1.05 km |
| Bundarra Primary School | CNR FAWTHROP & EDGAR STREETSPortland 3305 | Primary | Government | 1.33 km |
| Portland Secondary College | MUST STREETPortland 3305 | Secondary | Government | 1.62 km |
| Bayview College | 119 BENTINCK STPortland 3305 | Secondary | Independent | 1.7 km |