Portsea VIC 3944

Here you can find what you need to know about Portsea, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$2.2m Median Sale Price (National Average $485k) 9th In VIC
2.35% Median Price Change (1 yr) (National Average 4.30%) 289th In VIC
$700pw Median Rent (National Average $395) 37th In VIC
1.7% Median Gross Yield (National Average 4.24%) 625th In VIC
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Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Portsea, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Portsea, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Portsea, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Portsea


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State Auction Clearance Rates - July 2019

Auctions Clearance rate
VIC 352 74%
ACT 36 71%
NSW 318 77%
NT 5 0%
QLD 77 30%
SA 58 54%
TAS 1 100%
WA 12 29%

Local Schools


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Suburb Information

Portsea, VIC 3944

Part of: Mornington Peninsula Council No data available

The size of Portsea is approximately 11.2 square kilometres. It has 9 parks covering nearly 58.9% of total area. The population of Portsea in 2011 was 445 people. By 2016 the population was 490 showing a population growth of 10.1% in the area during that time. The predominant age group in Portsea is 60-69 years. Households in Portsea are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Portsea work in a managers occupation. In 2011, 82.4% of the homes in Portsea were owner-occupied compared with 92.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Portsea

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Portsea   for Houses in last 12 months


There have been 40 Houses sold in Portsea in the past 12 months with a median sale price of $2.1M, up 2.35% annually. It takes on average 113 days to sell with vendor discounting of -6.09%.

Streets in Portsea


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Sorrento VIC, 3943 1.40% $1,355,000 $550pw 2.1% View Suburb Profile
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Kew VIC, 3101 -18.20% $1,887,500 $850pw 2.3% View Suburb Profile
Rye VIC, 3941 -2.73% $676,000 $400pw 3.1% View Suburb Profile
Caulfield VIC, 3162 -17.25% $1,506,000 $723pw 2.5% View Suburb Profile
Rosebud VIC, 3939 -2.35% $581,000 $360pw 3.2% View Suburb Profile