Portarlington is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3223). With a population of 4,436, the suburb has an older demographic with a median age of 62. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Portarlington is $890,000, having declined 4.6% over the past year. Units have a median price of $758,000 (+18.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,657.
Portarlington is served by 1 school, including 1 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Portarlington offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($890K/$875K). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -4.6% year-on-year.
Portarlington is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3223). With a population of 4,436, the suburb has an older demographic with a median age of 62. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Portarlington is $890,000, having declined 4.6% over the past year. Units have a median price of $758,000 (+18.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,657.
Portarlington is served by 1 school, including 1 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Portarlington offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($890K/$875K). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -4.6% year-on-year.