Portland
Suburb profile, market snapshot and recent listings for Portland, VIC 3305.
About Portland
Welcome to Portland
Portland sits on the far south-western coast of Victoria, roughly 360 kilometres from Melbourne, where Victoria's oldest permanent European settlement grew up around a deep-water port and a sweeping bay. It's a working town as much as a seaside one, with a harbour, aluminium smelter and fishing fleet giving it a solid economic backbone alongside its tourist appeal.
With a population of just over 10,000 and a median age of 47, Portland has the feel of an established coastal community rather than a growth suburb — it suits people after affordable housing, a slower pace and genuine ocean access, from retirees and downsizers to families who don't mind a longer drive to the nearest big city.
Lifestyle & dining
Life in Portland revolves around its harbour and heritage streetscape, where bluestone buildings from the 1850s and 60s sit alongside cafes, pubs and fish-and-chip shops looking out over the bay. The maritime history runs deep here, and it shows in the town's museums, historic customs house and the working port itself, still busy with woodchip and grain exports.
Weekends tend to centre on the water — fishing off the breakwater, watching whales pass close to shore in season, or wandering the cliff-top walks that ring the coastline. It's a town that rewards people happy to make their own entertainment rather than expecting a packed events calendar, though the local pubs and RSL keep things sociable.
Schools & families
Families in Portland have a good spread of local schooling options without needing to travel. Primary-aged children can attend Portland Primary School, Portland South Primary School, Bundarra Primary School or St John's Lutheran School, while All Saints Parish School offers a Catholic option. Portland Bay School caters to students with additional needs. The range of choice for a town of this size is a genuine drawcard for young families weighing up a move from the city.
Parks & recreation
Portland's setting does a lot of the heavy lifting when it comes to recreation. Cape Nelson and Cape Bridgewater are within easy reach for coastal walks and lighthouse views, and nearby Mount Richmond — both a locality and a national park — offers bushwalking through heathland scrub with the ocean as a backdrop. Closer to town, the foreshore reserve and botanic gardens give locals plenty of green space for a walk or a picnic, and the surf beaches along this stretch of coast are popular with anglers and surfers alike.
Getting around
Portland is well off Victoria's rail network, so a car is essential for most residents, whether that's the daily commute to the port or the smelter, or the longer run towards Warrnambool or across the border into South Australia. The Henty Highway and Princes Highway connect the town to the regional network, and V/Line coach services link Portland to the broader public transport system for those heading further afield. Within town, most amenities, schools and the harbour precinct are a short drive or an easy cycle from residential streets, including those bordering Portland North.
The property market
Portland's property market remains firmly in affordable territory by Victorian standards, with a median house price of $430,000 and units typically changing hands around $297,000. House prices have moved up 9.7% recently, a solid gain for a market of this size, while median rents sit at $460 a week — figures that continue to draw interest from buyers priced out of coastal towns closer to Melbourne.
Current listings show houses make up 56% of stock, with land sales accounting for a notable 36%, reflecting ongoing residential development around the town's edges. Apartments and units make up a smaller 8% of the market, and townhouses just 1%, underlining that Portland remains a predominantly house-and-land market rather than a medium-density one.
Housing & architecture
The housing stock reflects Portland's long history, with original bluestone and timber cottages from the colonial era still standing in the older parts of town, alongside more conventional brick-veneer homes from the postwar decades and newer builds on the fringes toward Portland North. That mix of heritage character and straightforward, low-maintenance housing is part of the appeal for buyers chasing space and value without big-city price tags.
Market snapshot
Portland property market
Median sale price
$430k
House · 3 bed
Median rent
$460
per week
Gross rental yield
5.6%
annual rent ÷ sale price
Typical price range
Entry
$321k
Median
$430k
Premium
$660k
Days on market
44
Auction clearance
0%
Sold this year
145
Median sold price trend · House 3 bed
Compound growth +2.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Portland by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Portland, VIC 3305.
Population
10,016
residents (2021)
Median age
47
years
Household income
$1,146
median, per week
Median rent
$250
per week
Median mortgage
$1,083
per month
Mortgage / income
22%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Portland
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Portland
$549k
4 Myuna Court
Sold ~July 2026
$525k
86 Cape Nelson Road
Sold ~July 2026
$420k
54 Waratah Crescent
Sold ~July 2026
$169k
8 Jerrett Court
Sold ~July 2026
$167k
Lot 7 Dutton Way
Sold ~July 2026
$595k
180 Fawthrop Street
Sold ~July 2026
$105k
42 Richardson Street
Sold ~July 2026
$644k
64 Childers Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Portland
Compare the area
Price map around Portland
Every listing for sale near Portland, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
Quick switch to nearby areas
Common questions
Portland suburb FAQ
What is the median property price in Portland?
The median house price in Portland, VIC is $430k for a 3-bedroom home. Over the past year, median sold prices have risen about 9.7%.
How much is rent in Portland?
The median weekly rent in Portland is around $460 per week.
Is Portland a good place to live?
Portland is a city in Victoria, Australia, and is the oldest European settlement in the state. Portland is an established residential suburb in VIC, with a population of around 10,016 and 8 schools in the area.
What is the population of Portland?
Portland has a population of 10,016 (ABS 2021 Census), with a median age of 47.
What schools are in Portland?
There are 8 schools in or near Portland, including Portland Bay School, All Saints Parish School and Bundarra Primary School.
How long do homes take to sell in Portland?
Properties in Portland take around 44 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Portland?
Entry-level properties in Portland start around $321k, while premium homes reach $660k.
What suburbs are near Portland?
Suburbs near Portland include Mount Richmond and Portland North.
Fresh to market
New this week in Portland
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Family Living in a Convenient South Portland Location
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Coastal Sophistication: A Reimagined Masterpiece Near the Waterfront
Available now