If you compare the increase in value of investment property in Port Macquarie, 2444 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.09%.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 9.09% over the period. This ranks it number 1451th in the whole country for real estate investors looking at median house price increases.
At number 1149th 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.
On average over the past year, suburb has had 68.58 sales per month, which equates to 823 per year.
Port Macquarie is an average performer in NSW when comparing median price capital growth over the last year. Port Macquarie gave property investors a average capital gain figure when compared to the rest of the state, with 6.19%.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 6.19% over the period. This ranks it number 500th in the whole country for real estate investors looking at median house price increases.
Port Macquarie2444 is located in NSW which offers an average discount of -4.33% to property investors. Port Macquarie itself is showing figures that indicate -3.16% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Port Macquarie being $360000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 4.98%
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.