NSW has seen average median house prices change by 14.73% which means that Port Macquarie, 2444 has done well for property investors by showing a capital gain of 12.24% over the last year
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.
At number 549th of NSW’s most discounted properties, Port Macquarie is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Port Macquarie the average time real estate has been on the market is 49.9529 days.
Advertised rents are around the $490 mark per week – giving a return of 3.91% based on the median price in Suburb
Giving property investors a an average capital gain of 5.01% for the last year, Port Macquarie, 2444 is the 954th highest performer in Australia in this respect.
The five-year average increase in median property values for Port Macquarie,2444 has given property investors a potential capital gain of 25.00% across each of those five years.
Sellers are offering property buyers an average discount of -3.12% to buyers in Port Macquarie at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $395 mark per week – giving a return of 4.67% based on the median price in 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, due to being so close to the Hastings River wine region.
Port Macquarie also has a rich history. Located on Birpai Aboriginal land, the town was founded as a penal settlement in 1821 and has a number of heritage-listed sites available to explore.