SA has seen average median house prices change by 3.45% which means that Port Noarlunga, 5167 has done well for property investors by showing a capital gain of -0.65% over the last year
Taking the average capital gain, or increase in median house value, Port Noarlunga,5167 has racked up an average of -0.65% over the period. This ranks it number 3028th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.17% offered to property buyers. Sellers in Port Noarlunga itself are offering an average vendor discount of -8.12% to real estate investors.
In the last year 65 properties changed hands in Port Noarlunga, which puts it as the 136th most active market in SA when comparing the number of sales per suburb.
Situated 24.66km from the CBD, Port Noarlunga is one of Onkaparinga localities in the postcode 5167.
Port Noarlunga, 5167 is offering SA ‘s 55th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
Residents and property investors in Port Noarlunga have been waiting around 86.36 days to sell a property.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
Located about 25km from the Adelaide CBD, Port Noarlunga is fast becoming a hotspot for both homebuyers and investors, thanks to its ultra-affordable price tag.Full summary
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Located about 25km from the Adelaide CBD, Port Noarlunga is fast becoming a hotspot for both homebuyers and investors, thanks to its ultra-affordable price tag.Close
But that’s not the only reason for the massive interest. Port Noarlunga is undergoing a massive gentrification as investors knock down older homes and redevelop them.
The development of the waterfront in neighbouring Christies Beach is also having a positive impact on the suburb’s image.
Its desirable location being so close to the beach is another big plus for the suburb.
It’s easily accessible via public transport and via car.
House prices have suffered a sharp drop in value during the past 12 months, losing 12%, which opens up excellent buying opportunity for investors looking to capitalise on the suburb’s long-term growth potential.