Giving property investors a a stable capital gain of 12.00% for the last year, Port Macquarie, 2444 is the 1141th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 12.00% over the period. This ranks it number 1421th in the whole country for real estate investors looking at median house price increases.
Port Macquarie2444 is located in NSW which offers an average discount of -5.28% to property investors. Port Macquarie itself is showing figures that indicate -2.96% is the average achievable by property buyers investing in the suburb.
In the last year 803 properties changed hands in Port Macquarie, which puts it as the 2nd most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
Port Macquarie has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.11% to date .
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.
Sellers are offering property buyers an average discount of -3.00% to buyers in Port Macquarie at the moment, which is less than average for the rest of NSW.
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.