Property Details for 21/66 Julia St, Portland
21/66 Julia St, Portland is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2010. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (October 2019)
**Investors Only**
Quest Portland is situated on the south-west coast of Victoria,
1 hr 15 min west of Warrnambool.
a marina, wharves and shipping berths. One of Portland's major industries is the Alcoa aluminium smelter which commenced operations in 1986.
The town boasts beautiful historic buildings with over 200 classified
by the National Trust, many constructed out of bluestone.
Quest Portland is based in the hub of the commercial precinct with retail outlets and eateries at your doorstep, together with grassy foreshores & the town's marina and sands of Nuns Beach only a
short stroll.
Lease Details:
Current Rent: $300 per week ($15,627 per annum)
Next Rent Increase: 1st July 2020
Current Return: 8.24% Gross / Net 6%
Rental Increases as follows:
1/07/2020 - $16,252 per annum / 8.57% Gross
1/07/2021 - $16,902 per annum / 8.91% Gross
1/07/2022 - $17,578 per annum / 9.27% Gross
1/07/2023 - Market Review
Lease Terms: Lease to 30/06/2033 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2023)
Approximate Owner Outgoings:
Council Rates: $1364.05 per annum
Water Rates: $900 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1984.60 per annum
Property History for 21/66 Julia St, Portland, VIC 3305
- 20 Nov 2019Sold for $189,656
- 20 Mar 2019Listed for Sale Not Disclosed
- 26 Sep 2017Listed for Sale Not Disclosed
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About Portland 3305
The size of Portland is approximately 33.5 square kilometres. It has 28 parks covering nearly 6.2% of total area. The population of Portland in 2011 was 9,600 people. By 2016 the population was 9,717 showing a population growth of 1.2% in the area during that time. The predominant age group in Portland is 50-59 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a trades occupation. In 2011, 68% of the homes in Portland were owner-occupied compared with 65.2% in 2016.
Portland has 6,577 properties. Over the last 5 years, Houses in Portland have seen a 63.79% increase in median value, while Units have seen a 41.95% increase. As at 31 October 2024:
- The median value for Houses in Portland is $384,561 while the median value for Units is $277,420.
- Houses have a median rent of $450 while Units have a median rent of $375.
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