Port Macquarie has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.58% to date .
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of -3.58% over the period. This ranks it number 1646th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Port Macquarie are currently offering property investors an average price cut of -5.19% below the asking price at the moment.
Property investors who have had real estate in Port Macquarie, 2444 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.30%
Over the longer term, Port Macquarie has seen property prices show investors a 11.43% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Port Macquarie 2444 should be seeing an average reduction in asking price of around -6.10% . This means that Port Macquarie is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Port Macquarie, 2444 is in the Port Macquarie-Hastings (A) local government area.
Information supplied by:
Port Macquarie, NSW – Growth levels off
Median house price: $570,000
Three-year growth: 16.0%
Rental yield: 4.1%
One of the loveliest tourist spots in NSW, Port Macquarie has long held on to a visitor-friendly reputation bolstered by the surrounding nature and climate.
Visitors and residents alike have their pick of beaches, and the many establishments in the area certainly cater to its strong tourism industry – a rainforest centre, the Billabong Zoo, the Koala Hospital and the Glasshouse art gallery, among others. There are also numerous heritage and cultural stops. There is an abundance of food and wine options as well, since it is so close to the Hastings River wine region.
House values slipped slightly in the year to April 2019, but the outlook for Port Macquarie remains good.