If you compare the increase in value of investment property in Port Noarlunga, 5167 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 0.40%.
Over the longer term, Port Noarlunga has seen property prices show investors a -2.86% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Port Noarlunga are currently offering property investors an average price cut of -7.88% below the asking price at the moment.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 3.78%.
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.