Portland North is a small community in Victoria within the Glenelg local government area (postcode 3305). With a population of 708, the suburb has a mature demographic with a median age of 46. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Portland North is $539,000, having dropped significantly 19.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Portland North is served by 1 school, including 1 primary. The average ICSEA score is 971, which is around the national average of 1,000. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Portland North offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($539K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.5x is considered affordable. House prices have moved -19.3% year-on-year.
Portland North is a small community in Victoria within the Glenelg local government area (postcode 3305). With a population of 708, the suburb has a mature demographic with a median age of 46. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Portland North is $539,000, having dropped significantly 19.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Portland North is served by 1 school, including 1 primary. The average ICSEA score is 971, which is around the national average of 1,000. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Portland North offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($539K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.5x is considered affordable. House prices have moved -19.3% year-on-year.