Portsea

Portsea, VIC 3944, is a small suburb with a population of approximately 787 residents. The demographic skews towards older age groups, with a significant number of residents aged 65 or over. The median household income is relatively high, indicating a well-off community. The suburb offers opportunities for those who prefer a quiet coastal lifestyle, with a high percentage of residents working from home. Portsea presents a unique investment opportunity for those interested in the prestige housing market. With a high median house price but a considerable sale price IQR ratio, the suburb may attract renovators looking to add value. The market absorption rate indicates stable demand, although the growth rate has been modest. Property investors should keep an eye on rental yields and vacancies for potential unit developments in the future. Portsea, VIC 3944, is an exclusive coastal suburb known for its affluent residents and prestige property market. The area's high median household income and educational advantage signal a desirable location for homeowners. For investors and developers, the suburb offers potential for renovating houses and future unit developments. With a stable market and a growing population, Portsea presents an intriguing opportunity for property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022