Investment property in Port Macquarie has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.88%
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of 0.88% over the period. This ranks it number 1369th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Port Macquarie is offering property investors an average of -7.36. This rate of discount on properties puts Suburb at number 1009th in terms of most discounted suburbs in NSW
At number 944th in the list of Australian suburbs ordered by increase in median house value over the last year, Port Macquarie, 2444 is in the BOTTOM 50% with a property value increase of -1.30% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Port Macquarie,2444 has racked up an average of -1.30% over the period. This ranks it number 407th in the whole country for real estate investors looking at median house price increases.
Port Macquarie, 2444 is offering NSW ‘s 376th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
It might have the beaches and the lifestyle, but the bright future of Port Macquarie beyond a tourist destination and haven for retirees is now emerging.Full summary
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It might have the beaches and the lifestyle, but the bright future of Port Macquarie beyond a tourist destination and haven for retirees is now emerging.Close
Major infrastructure projects in the area include a $30m Charles Sturt University campus, which is expected to eventually become a full-scale university with upwards of 5,000 students.
It also benefits from more than $100m spent on medical infrastructure, in addition to millions spent on a new Kmart.
All this new building might have something to do with the fact that the population is expected to increase by 19.3% by 2031.
Furthermore, if residents ever feel the need to get to Sydney or Brisbane in a hurry, this suburb has its own regional airport to get them there.
Houses and townhouses are popular in this suburb. Townhouses on O’Brien Road can be picked up for around the $460,000.
They are near Shelly Beach and Waniora Shopping Centre.