NSW has seen average median house prices change by 1.68% which means that Port Macquarie, 2444 has done well for property investors by showing a capital gain of 0.00% over the last year
Over the longer term, Port Macquarie has seen property prices show investors a 3.83% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.72% to buyers in Port Macquarie at the moment, which is less than average for the rest of NSW.
Port Macquarie, 2444’s gross rental yield is 4.11%
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 4.10%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Macquarie has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Port Macquarie is offering property investors an average of -5.59. This rate of discount on properties puts Suburb at number 117th in terms of most discounted suburbs in NSW
Port Macquarie, 2444’s gross rental yield is 4.55%
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.