Suburb Profile Report for Port Macquarie NSW (2444)

Port Macquarie House: Median price $550,000, Annual capital growth 4.58%, Number of sales 789, Weekly median advertised rent $440

Port Macquarie Unit: Median price $365,000, Annual capital growth 3.51%, Number of sales 513, Weekly median advertised rent $345

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

YIP MAG Information supplied by:

YIP MAG
October 2015

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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.Full summary

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.

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.

Close
Metrics i HOUSE UNIT
$550,000 $365,000
2.33% 4.29%
10.22% 5.80%
4.58% 3.51%
$440 $345
789 513
4.16% 4.92%
60.97 58.11

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Port Macquarie NSW
Demographics
Total population 41491
Median household income ($/weekly) 855
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 4875 11.7
    35-44 years 4848 11.7
    45-54 years 5593 13.5
    55-64 years 5450 13.1
    65-74 years 5172 12.5
    Others 15554 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 15797 51.5
    Not Married 12098 39.5
    Defacto Relationship 2761 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 34294 86.8
    Greece 190 0.5
    Papua New Guinea 660 1.7
    United Kingdom 2453 6.2
    Other 519 1.3
    Others 1403 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 283 0.7
    Christianity 30276 79.2
    Hinduism 89 0.2
    Other Religious Groups 116 0.3
    No Religion 7346 19.2
    Others 105 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1580 10.3
    $400-$599 2499 16.3
    $600-$799 2038 13.3
    $800-$999 1727 11.2
    $1,500-$1,999 1502 9.8
    Others 6015 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 15443 47.3
    Employed, worked full-time 9150 28.0
    Employed, worked part-time 5975 18.3
    Unemployed, looking for work 1168 3.6
    Employed, away from work 937 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 3318 20.7
    Technicians & trades workers 2258 14.1
    Community & personal service workers 1956 12.2
    Clerical & administrative workers 2487 15.5
    Sales 1922 12.0
    Others 4117 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 768 9.0
    Infants/Primary 3120 36.5
    Secondary 2689 31.5
    Technical or Further Educational Institution 1025 12.0
    University or other Tertiary Institutions 727 8.5
    Others 212 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 28741 75.0
    Semi-detached, row or terrace house, townhouse 4857 12.7
    Flat, unit or apartment 4007 10.5
    Caravan, cabin, houseboat 479 1.3
    House or flat attached to a shop, office 236 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 6655 40.4
    Rented 5103 31.0
    Being purchased 4376 26.6
    Other tenure type 344 2.1
    Tenure Type
Census 2011, ABS
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