Portland is Victoria's oldest European settlement, a deep-water port town on the Glenelg Highway in south-west Victoria. It hosts Australia's largest aluminium smelter (Alcoa), Portland Pier's wind and whale-watching tourism, and a significant commercial fishing industry. Affordable housing, a stable smelter employment base, and spectacular Bridgewater Bay and Cape Nelson coastline drive interest from buyers priced out of the Surf Coast and Warrnambool market. At the current $368k median house price, an 80% loan at 6.25% over 30 years is about $1,813 per month.
| Median house price | $368,000 |
|---|---|
| Median unit price | $230,000 |
| Estimated monthly repayment | $1,813 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 4.5% |
| Gross rental yield | 5.8% |
| Typical days on market | 30 |
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