With a capital gain of 11.69% for the last 12 months, Port Macquarie, 2444 has performed for property investments than its average annual 4.42% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 11.69% over the period. This ranks it number 1328th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Port Macquarie 2444 should be seeing an average reduction in asking price of around -3.11% . This means that Port Macquarie is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Port Macquarie the average time real estate has been on the market is 63.5 days.
Port Macquarie, 2444’s gross rental yield is 4.28%
Giving property investors a a stable capital gain of 6.38% for the last year, Port Macquarie, 2444 is the 601th highest performer in Australia in this respect.
Across a shorter period, Port Macquarie, 2444 has seen a median price increase of 0.29% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Port Macquarie is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 367th in terms of most discounted suburbs in NSW
Advertised rents are around the $347.5 mark per week – giving a return of 5.16% based on the median price in Suburb
It might have the beaches and the lifestyle, but the bright future of Port Macquarie beyond a tourist destination and haven for retirees is now emerging.Full summary
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It might have the beaches and the lifestyle, but the bright future of Port Macquarie beyond a tourist destination and haven for retirees is now emerging.Close
Major infrastructure projects in the area include a $30m Charles Sturt University campus, which is expected to eventually become a full-scale university with upwards of 5,000 students.
It also benefits from more than $100m spent on medical infrastructure, in addition to millions spent on a new Kmart.
All this new building might have something to do with the fact that the population is expected to increase by 19.3% by 2031.
Furthermore, if residents ever feel the need to get to Sydney or Brisbane in a hurry, this suburb has its own regional airport to get them there.
Houses and townhouses are popular in this suburb. Townhouses on O’Brien Road can be picked up for around the $460,000.
They are near Shelly Beach and Waniora Shopping Centre.