Port Macquarie is an average performer in NSW when comparing median price capital growth over the last year. Port Macquarie gave property investors a good capital gain figure when compared to the rest of the state, with 10.75%.
Across a shorter period, Port Macquarie, 2444 has seen a median price increase of 3.00% over the last quarter.
Our latest figures would indicate that property sellers in Port Macquarie are currently offering property investors an average price cut of -3.03% below the asking price at the moment.
With the median price for a house in Port Macquarie being $515000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.44%
NSW has seen average median house prices change by 6.59% which means that Port Macquarie, 2444 has done well for property investors by showing a capital gain of 8.21% over the last year
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.
Property buyers and investors in Port Macquarie 2444 should be seeing an average reduction in asking price of around -2.99% . This means that Port Macquarie is holding prices well when compared to other suburbs in NSW.
Situated 283.71km from the CBD, Port Macquarie is one of Port Macquarie-Hastings localities in the postcode 2444.
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.