Port Macquarie is an average performer in NSW when comparing median price capital growth over the last year. Port Macquarie gave property investors a good capital gain figure when compared to the rest of the state, with 9.71%.
While Port Macquarie,2444 ranked number 765th in NSW for increase in median house value (annualised) increase, it is ranked 809th over the last 5 years.
At number 1125th of NSW’s most discounted properties, Port Macquarie is in the TOP 10% of the state/territory when listing in order of most discounted to least.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 4.36%.
Over the last year, property investments in Port Macquarie, 2444 have given investors a capital gain of 7.69%. This compares favourably with the 5.41% for NSW as a whole.
Comparing Port Macquarie,2444 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Port Macquarie, 2444. Typically our figures indicate that -3.10% is being offered, which puts this NSW suburb at 1298th most discounted overall in Australia.
Often selling an investment property can take time, and in Port Macquarie the average time real estate has been on the market is 59.3 days.
Situated 273.04km from the CBD, Port Macquarie is one of Port Macquarie-Hastings localities in the postcode 2444.
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.