Port Macquarie has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.64% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Port Macquarie comes in at number 872th in NSW.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Port Macquarie, 2444. Typically our figures indicate that -3.14% is being offered, which puts this NSW suburb at 3523th most discounted overall in Australia.
Residents and property investors in Port Macquarie have been waiting around 65.22 days to sell a property.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 4.34%, investors should hope to achieve an overall return of 4.40%
NSW has seen average median house prices change by 5.59% which means that Port Macquarie, 2444 has done well for property investors by showing a capital gain of 7.19% over the last year
While Port Macquarie,2444 ranked number 415th in NSW for increase in median house value (annualised) increase, it is ranked 403th over the last 5 years.
Property investors looking for a bargain in Port Macquarie should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Port Macquarie, 2444 is in the Port Macquarie-Hastings local government area.
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.