Property investors who have had real estate in Port Noarlunga, 5167 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.03%
Comparing Port Noarlunga,5167 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Port Noarlunga itself are offering an average vendor discount of -8.08% to real estate investors.
At number 1668 in a list of fastest selling suburbs, Port Noarlunga is just in the top half of suburbs in Australia with an average of days on market 76.17 for properties listed there.
Advertised rents are around the $340 mark per week – giving a return of 4.68% based on the median price in 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.