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Portland suburb profile

Portland is a charming town located in the Central Tablelands of New South Wales, approximately 2.5 hours west of Sydney. Known for its rich industrial heritage, Portland was once a bustling hub for cement production, earning it the nickname "The Town that Built Sydney." Today, it offers a blend of historical charm and rural tranquility, with heritage-listed buildings and scenic landscapes. The town hosts various community events and is surrounded by natural attractions, making it appealing to those seeking a peaceful lifestyle. Its close-knit community and unique history contribute to Portland's distinctive character.

Portland property market performance

Portland's property market has experienced significant growth in house values over the past 12 months, with a notable increase of 20.1%. The current median house price stands at $536,500. However, the unit market remains inactive, with no sales or price changes recorded. Over the last three months, 18 houses were sold, with properties spending a median of 68 days on the market, indicating a moderate pace of sales.

The rental market for houses in Portland has also seen substantial growth, with average rents increasing by 19% over the past year, reaching $450. The unit rental market remains inactive, reflecting the absence of unit sales and demand in the area.

HousesUnits
Median price
Past 3 months
$499KN/A
Change in value
Past 12 months
20.6%N/A
Sold
Past 3 months
14N/A
Median days on market
Past 12 months
70N/A
Average rent
Past 12 months
$430N/A
Change in rent
Past 12 months
7.5%N/A

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Portland demographics

Portland, located in New South Wales, is a charming rural town known for its rich history and close-knit community. With a population of 2,447, it offers a peaceful lifestyle away from the hustle and bustle of larger cities. The median age of 46 suggests a mature population, with many residents enjoying the tranquility and slower pace of life that Portland provides. The town's historical significance, particularly in the cement industry, adds a unique character to the area, attracting those interested in heritage and history.

Housing in Portland is predominantly owner-occupied, with nearly half of the properties owned outright, reflecting a stable and established community. The relatively low rental rate of 15.5% indicates a preference for long-term residency, appealing to families and retirees seeking a permanent home. The suburb's family composition is diverse, with 34.5% of families being couples with children and 44.9% being couples without children, highlighting its appeal to both young families and older couples.

The median total household income of $1,150 per week reflects the town's modest economic environment, which is typical of rural areas. Despite this, Portland offers a quality of life that is enriched by its natural surroundings and community spirit. The town's proximity to larger regional centers provides residents with access to additional amenities and employment opportunities, making it an attractive option for those seeking a balance between rural charm and convenience.

Suburbs near Portland

Some popular suburbs near Portland include:

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