Giving property investors a an average capital gain of 4.51% for the last year, Port Noarlunga, 5167 is the 2028th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Noarlunga has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.10% to buyers in Port Noarlunga at the moment, which is less than average for the rest of SA.
Residents and property investors in Port Noarlunga have been waiting around 82.61 days to sell a property.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 4.51%.
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
Information supplied by:
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.