Portland is a smaller suburb in New South Wales within the Lithgow local government area (postcode 2847). With a population of 2,447, the suburb has a mature demographic with a median age of 46. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Portland is $528,000, having dipped slightly 1.4% over the past year. Units have a median price of $550,000. The current median weekly rent is $350. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,272.
Portland is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 1 rail station, 63 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Portland offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($528K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -1.4% year-on-year.
Portland is a smaller suburb in New South Wales within the Lithgow local government area (postcode 2847). With a population of 2,447, the suburb has a mature demographic with a median age of 46. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Portland is $528,000, having dipped slightly 1.4% over the past year. Units have a median price of $550,000. The current median weekly rent is $350. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,272.
Portland is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 1 rail station, 63 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Portland offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($528K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -1.4% year-on-year.