With a capital gain of 5.88% for the last 12 months, Port Noarlunga, 5167 has performed for property investments than its average annual 3.49% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Port Noarlunga has given property investors a paper return of 1.25%. This puts Suburb as 184 on a list of fastest fasting appreciating suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Port Noarlunga itself are offering an average vendor discount of -6.37% to real estate investors.
Residents and property investors in Port Noarlunga have been waiting around 93.77 days to sell a property.
Advertised rents are around the $337.5 mark per week – giving a return of 4.33% based on the median price in Suburb
Vendor discounting in Port Noarlunga is giving property investors an average Vendor Discount of around -6.75%. This puts suburb at number 52th in SA when ranking the most discounted suburbs.
In the last year 15 properties changed hands in Port Noarlunga, which puts it as the 140th most active market in SA when comparing the number of sales per suburb.
Property investors should expect to get $255 weekly from the median priced house in this suburb.
Located about 25km from the Adelaide CBD, Port Noarlunga is fast becoming a hotspot for both homebuyers and investors, thanks to its ultra-affordable price tag.Full summary
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Located about 25km from the Adelaide CBD, Port Noarlunga is fast becoming a hotspot for both homebuyers and investors, thanks to its ultra-affordable price tag.Close
But that’s not the only reason for the massive interest. Port Noarlunga is undergoing a massive gentrification as investors knock down older homes and redevelop them.
The development of the waterfront in neighbouring Christies Beach is also having a positive impact on the suburb’s image.
Its desirable location being so close to the beach is another big plus for the suburb.
It’s easily accessible via public transport and via car.
House prices have suffered a sharp drop in value during the past 12 months, losing 12%, which opens up excellent buying opportunity for investors looking to capitalise on the suburb’s long-term growth potential.