Property value increases in Port Macquarie have tracked close to the NSW average of -0.66% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Port Macquarie comes in at number 694th in NSW.
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 -4.88% is being offered, which puts this NSW suburb at 2476th most discounted overall in Australia.
On average over the past year, suburb has had 79.75 sales per month, which equates to 957 per year.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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 0.52%
Comparing Port Macquarie,2444 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Port Macquarie2444 is located in NSW which offers an average discount of -6.52% to property investors. Port Macquarie itself is showing figures that indicate -5.45% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Port Macquarie have been waiting around 76.0873 days to sell a property.
Advertised rents are around the $350 mark per week – giving a return of 4.70% based on the median price in Suburb
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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.