Question 1

Is Portsea a nice place to live?

Accepted Answer

Portsea is a compact seaside village at the tip of the Mornington Peninsula, sitting between the sheltered waters of Port Phillip and the surf and cliffs of Bass Strait. Life there is centred on the beaches, sailing and coastal walks, with the village core and Portsea Pier used for swimming, fishing and waterfront strolls, and Point Nepean National Park providing native bushland, walking tracks and historic coastal defences. Housing ranges from older weatherboard holiday cottages to substantial waterfront homes, many used as weekend retreats.

It is a very small community of 787 people with a median age of 68 and a very high owner-occupation rate (93.2%). The resident population is quiet year round but swells on holiday weekends. Active local works include maintenance on the pier, coastal stabilisation and seawall work at Front Beach, a water main renewal and a Point Nepean Road upgrade with reinstatement continuing, while the Surf Life Saving Club’s clubhouse remains the local lifesaving base. Whether Portsea suits you will come down to how much you value coastal access and a small, settled village atmosphere.

Question 2

Is it expensive to live in Portsea?

Accepted Answer

House rents in Portsea run to about $1,200 a week. Against a typical local household income of $2,470 a week as recorded at the last Census, that rent would take about 48.6% of a typical household's weekly income, which is a large share of income. For people who are renting, that rent share is the key figure to consider, and whether it feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Portsea a good place to invest?

Accepted Answer

There’s a stark split in Portsea’s house market over the past 12 months: median house values fell 11.6% while house rents rose 20.0%. The figures show a decline in capital value over the year alongside a large increase in the rent houses are earning.

If rental income is your priority, that 20.0% rise in house rents is the figure to focus on. If capital growth is what you want, the 11.6% fall in house values is the relevant number. Which of those outcomes suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-11.6%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	52	N/A
Average rent Past 12 months	$1200	N/A
Change in rent Past 12 months	20.0%	N/A

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