Port Macquarie has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.22% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Port Macquarie comes in at number 919th in NSW.
Sellers are offering property buyers an average discount of -2.84% to buyers in Port Macquarie at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
With a capital gain of 5.37% for the last 12 months, Port Macquarie, 2444 has performed for property investments than its average annual 3.72% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Port Macquarie has given property investors a paper return of 3.59%. This puts Suburb as 182 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -2.99% to buyers in Port Macquarie at the moment, which is less than average for the rest of 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.