Port Macquarie, 2444 ranked 768th in NSW when comparing growth in median property values or capital gain over the last 12 months. Port Macquarie is one of 3163 in our list for NSW
The five-year average increase in median property values for Port Macquarie,2444 has given property investors a potential capital gain of 42.15% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Port Macquarie is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 1067th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 67.92 sales per month, which equates to 815 per year.
Port Macquarie is 381th on a list of best yielding suburbs for rents in NSW with a 4.07% return
Property investors who have had real estate in Port Macquarie, 2444 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.45%
Comparing Port Macquarie,2444 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Port Macquarie 2444 should be seeing an average reduction in asking price of around -3.03% . This means that Port Macquarie is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.
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.