If you compare the increase in value of investment property in Port Noarlunga, 5167 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.35%.
Over the longer term, Port Noarlunga has seen property prices show investors a 15.52% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Port Noarlunga is giving property investors an average Vendor Discount of around -6.04%. This puts suburb at number 167th in SA when ranking the most discounted suburbs.
In the last year 72 properties changed hands in Port Noarlunga, which puts it as the 103th most active market in SA when comparing the number of sales per suburb.
Port Noarlunga is 187th on a list of best yielding suburbs for rents in SA with a 4.41% return
LACK OF BUYER INTEREST may well be the reason that Port Noarlunga is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 30th in terms of most discounted suburbs in SA
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.