Port Noarlunga has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.05% to date .
A 4.90% growth in median value for property investors in Port Noarlunga,5167 puts this suburb at number 165th in terms of best performing suburbs in SA
Vendor discounting in Port Noarlunga is giving property investors an average Vendor Discount of around -8.70%. This puts suburb at number 49th in SA when ranking the most discounted suburbs.
Residents and property investors in Port Noarlunga have been waiting around 79.95 days to sell a property.
Advertised rents are around the $330 mark per week – giving a return of 4.46% 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.