Over the last year, property investments in Port Macquarie, 2444 have given investors a capital gain of -1.91%. This compares averagely with the 0.15% for NSW as a whole.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Port Macquarie, 2444. Typically our figures indicate that -4.75% is being offered, which puts this NSW suburb at 2528th most discounted overall in Australia.
On average over the past year, suburb has had 61.67 sales per month, which equates to 740 per year.
Port Macquarie is in the TOP 30% in NSW when comparing median price capital growth over the last year. Port Macquarie gave property investors a good capital gain figure when compared to the rest of the state, with 2.83%.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 2.83% over the period. This ranks it number 512th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Port Macquarie 2444 should be seeing an average reduction in asking price of around -6.00% . This means that Port Macquarie is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Port Macquarie have been waiting around 84.376 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
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.