Portsea is a small community in Victoria within the Mornington Peninsula local government area (postcode 3944). With a population of 787, the suburb has an older demographic with a median age of 68. Households earn a median income of $128K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Portsea is $3.3 million, having increased 2.3% over the past year. The median weekly rent is $577 (Census 2021). This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,806.
Public transport access includes 18 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Portsea offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($3.3M/$875K), placing it in the premium segment. The price-to-income ratio of 25.9x is considered stretched. House prices have moved +2.3% year-on-year.
Portsea is a small community in Victoria within the Mornington Peninsula local government area (postcode 3944). With a population of 787, the suburb has an older demographic with a median age of 68. Households earn a median income of $128K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Portsea is $3.3 million, having increased 2.3% over the past year. The median weekly rent is $577 (Census 2021). This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,806.
Public transport access includes 18 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Portsea offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($3.3M/$875K), placing it in the premium segment. The price-to-income ratio of 25.9x is considered stretched. House prices have moved +2.3% year-on-year.