Portsea, VIC 3944
Compare Part of Mornington Peninsula
61.26 km
Distance from Melbourne CBD
1 k
Population
Median Sale Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $1,050,000 | 0.0% | $600,000 | $7,150,000 | 36 |
| 2010 | $1,800,000 | +41.7% | $455,000 | $8,750,000 | 58 |
| 2011 | $1,555,000 | -15.8% | $585,000 | $6,600,000 | 49 |
| 2012 | $1,360,000 | -14.3% | $411,000 | $4,500,000 | 38 |
| 2013 | $1,200,000 | -13.3% | $440,000 | $3,400,000 | 49 |
| 2014 | $1,346,800 | +10.9% | $600,000 | $3,575,000 | 45 |
| 2015 | $1,800,000 | +25.2% | $615,000 | $9,750,000 | 52 |
| 2016 | $1,850,000 | +2.7% | $785,000 | $10,650,000 | 54 |
| 2017 | $2,105,000 | +12.1% | $810,000 | $10,030,000 | 48 |
| 2018 | $2,400,000 | +12.3% | $975,000 | $6,100,000 | 43 |
| 2019 | $1,985,000 | -20.9% | $930,000 | $5,250,000 | 40 |
| 2020 | $2,750,000 | +27.8% | $30,000 | $6,650,000 | 47 |
| 2021 | $3,200,000 | +14.1% | $1,370,000 | $10,500,000 | 53 |
| 2022 | $3,800,000 | +15.8% | $2,480,000 | $9,600,000 | 26 |
| 2023 | $2,900,000 | -31.0% | $1,670,000 | $8,000,000 | 16 |
| 2024 | $3,800,000 | +23.7% | $1,635,000 | $5,000,000 | 13 |
Median Sale Price
$2.9M
Based on 22 recorded sales within the last 12 months
Updated on 18 Jun 2024
Suburb Growth
-31.0%
Current Median Price: $2,900,000
Previous Median Price: $3,800,000
Based on 35 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2024)
Price Range Segments (12 months ending May 2024)
Median Weekly Rent Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $600 | 0.0% | $350 | $5,000 | 15 |
| 2012 | $795 | +24.5% | $325 | $1,950 | 21 |
| 2013 | $650 | -22.3% | $280 | $1,850 | 29 |
| 2014 | $650 | 0.0% | $260 | $2,000 | 30 |
| 2015 | $750 | +13.3% | $330 | $1,250 | 17 |
| 2016 | $675 | -11.1% | $350 | $2,000 | 15 |
| 2017 | $800 | +15.6% | $360 | $2,300 | 18 |
| 2018 | $590 | -35.6% | $400 | $1,800 | 15 |
| 2019 | $750 | +21.3% | $420 | $1,800 | 24 |
| 2020 | $770 | +2.6% | $520 | $1,850 | 15 |
| 2021 | $1,100 | +30.0% | $600 | $2,000 | 14 |
| 2022 | $1,440 | +23.6% | $650 | $2,500 | 12 |
| 2023 | $950 | -51.6% | $575 | $5,000 | 19 |
| 2024 | $999 | +4.9% | $460 | $1,950 | 13 |
Median Rent Price
$1,000
per week
Based on 22 recorded rent within the last 12 months
Updated on 18 Jun 2024
Rent Price Growth
-10.0%
Current Median Rent: $1,000
Previous Median Rent: $1,100
Based on 36 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.8%
Current Median Price: $2,900,000
Current Median rent: $1,000
Based on 44 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2024)