port fairy

3284, Victoria

Real Estate & Property Information

Median
Price Rank
382

port fairy Suburb Profile & Review

Port Fairy is located just west of Warrnambool, along the southern edge of Victoria. It is the point at which the Moyne River joins into the Southern Ocean. Initially known as a whaling port, these days the town is a popular tourist location and home to a large fishing industry.

The main commercial district is based around Bank and Sackville streets, where you will find quaint cafes and restaurants, wine bars and crafts stores. Along Ocean Drive there are some lovely beach spots facing the Southern Ocean, while Beach Street provides a patrolled beach overlooking Port Fairy Bay. Griffiths Island has some lovely scenic walks and private beaches. The Port Fairy Warrnambool Rail Trail is a popular bike route following the old railway line.

The Port Fairy Folk Festival has been held on the Labour Day weekend since its inception in 1977. The festival was originally focused on Irish music due to the town's Irish heritage. While it now has a folk, blues and world music approach, it remains very family-friendly.

port fairy Demographic Data

$ 382,500 Median House Price

204 Minutes Average Commute

48 Median Age

3,094 Population

53.94 % Female

46.06 % Male

824 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in port fairy, Victoria.

Learn more about data
X

port fairy Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

port fairy Median House Prices

  • 2008 $ 375,000
  • 2009 $ 310,000
  • 2010 $ 311,250
  • 2011 $ 380,000
  • 2012 $ 382,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data
X

port fairy 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in port fairy have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term port fairy property price predictions.

port fairy Market Property Types

  • 90 % Seperate House
  • 7 % Semi Detached
  • 3 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data
X

port fairy Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

port fairy Income & Mortgage Stats

  • $ 924 Median Weekly Household Income
  • $ 1,588 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in port fairy

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data
X

port fairy Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

port fairy Sold Property Prices

port fairy Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

port fairy Related Local Blog Posts

The Little-Known Secrets to Resume with Certifications

The Hidden Facts About Resume with Certifications Bear in mind though, potential employers understand that layoffs are a part of the company world game and so long as you explain yourself in a professional

The Little-Known Secrets to Resume with Certifications

The Hidden Facts About Resume with Certifications Bear in mind though, potential employers understand that layoffs are a part of the company world game and so long as you explain yourself in a professional

The the best possible Paper Topics Examples for the period of Newcomers

Only one Marketing campaign function to acquire Paper Topics Examples tactics You can just imagine essay subject collection for a two-step technique. And that means you do might need to acquire a subject! When you private a subject, it’s most effective to generate a top level view of views topics for term paper in economics.

The Fight Against Best Cheap Essay Writer

The Upside to Best Cheap Essay Writer Writing an essay is an important struggle in case you don’t understand the way to get it done by yourself. When you purchase essays on the internet you will have the capability to download them here after completion. An essay writing service offers them an perfect solution because

What to Expect From Best Essay Writer Online?

Essays on the internet is quite uncomplicated. You may want to be more careful in regards to selecting essay writer online. Gif you can get in touch with the very best online. You’re in a position to order paper online on the website and you could possibly be free from all worries. You are going

The Hidden Truth About Unity in Mathematics

The Meaning of Unity in Mathematics When you’ve been wrapped up in your research program for quite a while sometimes you eliminate a feeling of what it is that other folks don’t understand, he states. These topics would be quite tedious to manage in a straightforward way but the book indicates that there are easier

port fairy Cafes

  • Wishart Gallery19 Sackville Street,port fairy VIC 328403 5568 2423
  • Time & Tide Gallery Cafe21 Thistle Placeport fairy VIC 328403 5568 2134
  • The Hub @ Port Fairy15 Bank Street,port fairy VIC 328403 5568 2326

Find out How Much your House is Worth in port fairy

Request a free market Basic Report for port fairy to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX