Port Macquarie is an average performer in NSW when comparing median price capital growth over the last year. Port Macquarie gave property investors a average capital gain figure when compared to the rest of the state, with -2.61%.
Port Macquarie,2444 was ranked 2662 in Australia by increase in median property value over the quarter.
Vendor discounting in Port Macquarie is giving property investors an average Vendor Discount of around -5.10%. This puts suburb at number 766th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Port Macquarie, 2444 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.
Over the longer term, Port Macquarie has seen property prices show investors a 9.38% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in Port Macquarie itself are offering an average vendor discount of -5.99% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.22%.
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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.
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.