Port Noarlunga is an average performer in SA when comparing median price capital growth over the last year. Port Noarlunga gave property investors a average capital gain figure when compared to the rest of the state, with 3.54%.
Port Noarlunga,5167 has offered an average of 3.54% return per annum in house price rises to property investors over the last three years.
Port Noarlunga, 5167 is offering SA ‘s 85th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this SA.
With the median price for a house in Port Noarlunga being $380000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.65%
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.