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 9.59%
Port Macquarie,2444 was ranked 1080 in Australia by increase in median property value over the quarter.
At number 1138th 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.
Over the last year, property investments in Port Macquarie, 2444 have given investors a capital gain of 6.38%. This compares averagely with the 5.88% for NSW as a whole.
The five-year average increase in median property values for Port Macquarie,2444 has given property investors a potential capital gain of 31.20% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Port Macquarie itself are offering an average vendor discount of -3.19% to real estate investors.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
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.