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Portsea, VIC 3944
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,870,000
market range $2.7M-$3.4M
Median Unit
$995,000
Gross Yield (houses)
1.8%
1yr Growth (houses)
-1.7%
market range -22.5% to +5.0%
Investment snapshot for Portsea
Portsea has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Portsea market and investor summary
Portsea (VIC 3944) runs a median house price of $2.9M, with houses yielding a gross 1.8%. House prices have moved -1.7% over the past year and +7.5% over three years. At 4.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.8% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Portsea: people, income and schools
Portsea is home to around 787 people, a number that has held fairly steady over five years. The median age is 68, an older, established demographic, and 91% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $128,000 a year, or roughly $2,470 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 22.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 43% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 61 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 787
- +5% over 5yr
- Median age
- 68 years
- Median household income
- $128,000/yr
- Households renting
- 7%
- Family households
- 64%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1060
- Unemployment
- 3.6%
- Distance to CBD
- 61 km
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Portsea
No properties currently listed in Portsea
Search Portsea listings →Frequently asked questions about Portsea
What should I check before investing in Portsea?
Portsea has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Portsea?
The median property price in Portsea, VIC 3944 is $2.9M for houses and $995K for units.
What rental yield does Portsea show?
The gross rental yield in Portsea is 1.8% for houses and 1.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Portsea?
House prices in Portsea are down 1.7% over the past year and up 7.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Portsea?
The current vacancy rate in Portsea is 4.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Portsea?
Portsea has a population of approximately 787 residents, with a median age of 68.
What schools are near Portsea?
There are 2 schools within roughly 5km of Portsea. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Portsea affordable to buy in?
A median house in Portsea costs about 22.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Portsea's population growing?
The population of Portsea has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Portsea from the CBD?
Portsea is about 61 km from the CBD.
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