At number 2248th in the list of Australian suburbs ordered by increase in median house value over the last year, Port Noarlunga, 5167 is in the BOTTOM 50% with a property value increase of 3.83% recorded in median house prices.
While Port Noarlunga,5167 ranked number 128th in SA for increase in median house value (annualised) increase, it is ranked 177th over the last 5 years.
Our latest figures would indicate that property sellers in Port Noarlunga are currently offering property investors an average price cut of -7.12% below the asking price at the moment.
Often selling an investment property can take time, and in Port Noarlunga the average time real estate has been on the market is 84.16 days.
The SA suburb of Port Noarlunga, 5167 is in the Onkaparinga local government area.
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.