Investment property in Port Macquarie has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.22%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Macquarie has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Port Macquarie itself are offering an average vendor discount of -2.91% to real estate investors.
At number 1043 in a list of fastest selling suburbs, Port Macquarie is in the TOP 30% of suburbs in Australia with an average of days on market 60.97 for properties listed there.
Advertised rents are around the $440 mark per week – giving a return of 4.16% based on the median price in Suburb
With a capital gain of 5.80% for the last 12 months, Port Macquarie, 2444 has performed for property investments than its average annual 3.51% 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 5.80% over the period. This ranks it number 439th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Port Macquarie itself are offering an average vendor discount of -3.02% to real estate investors.
In the last year 513 properties changed hands in Port Macquarie, which puts it as the 3rd most active market in NSW when comparing the number of sales per suburb.
Port Macquarie, 2444’s gross rental yield is 4.92%
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.