Suburb Profile Report for Port Macquarie NSW (2444)

Port Macquarie House: Median price $564,000, Annual capital growth 4.14%, Number of sales 740, Weekly median advertised rent $450

Port Macquarie Unit: Median price $400,000, Annual capital growth 4.19%, Number of sales 378, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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:




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Port Macquarie, NSW – Growth levels off

Postcode: 2444

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.

Metrics i HOUSE UNIT
$564,000 $400,000
0.89% 1.91%
-1.91% 2.83%
4.14% 4.19%
$450 $350
740 378
4.15% 4.55%
79.3881453154876 84.3759689922481

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 41491
Median household income ($/weekly) 855
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 4875 11.7
    35-44 years 4848 11.7
    45-54 years 5593 13.5
    55-64 years 5450 13.1
    65-74 years 5172 12.5
    Others 15554 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 15797 51.5
    Not Married 12098 39.5
    Defacto Relationship 2761 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 34294 86.8
    Greece 190 0.5
    Papua New Guinea 660 1.7
    United Kingdom 2453 6.2
    Other 519 1.3
    Others 1403 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 283 0.7
    Christianity 30276 79.2
    Hinduism 89 0.2
    Other Religious Groups 116 0.3
    No Religion 7346 19.2
    Others 105 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1580 10.3
    $400-$599 2499 16.3
    $600-$799 2038 13.3
    $800-$999 1727 11.2
    $1,500-$1,999 1502 9.8
    Others 6015 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 15443 47.3
    Employed, worked full-time 9150 28.0
    Employed, worked part-time 5975 18.3
    Unemployed, looking for work 1168 3.6
    Employed, away from work 937 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 3318 20.7
    Technicians & trades workers 2258 14.1
    Community & personal service workers 1956 12.2
    Clerical & administrative workers 2487 15.5
    Sales 1922 12.0
    Others 4117 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 768 9.0
    Infants/Primary 3120 36.5
    Secondary 2689 31.5
    Technical or Further Educational Institution 1025 12.0
    University or other Tertiary Institutions 727 8.5
    Others 212 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 28741 75.0
    Semi-detached, row or terrace house, townhouse 4857 12.7
    Flat, unit or apartment 4007 10.5
    Caravan, cabin, houseboat 479 1.3
    House or flat attached to a shop, office 236 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 6655 40.4
    Rented 5103 31.0
    Being purchased 4376 26.6
    Other tenure type 344 2.1
    Tenure Type
Census 2011, ABS
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