With a capital gain of -4.23% for the last 12 months, Port Noarlunga, 5167 has performed for property investments than its average annual 1.98% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Port Noarlunga,5167 has racked up an average of -4.23% over the period. This ranks it number 2519th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Port Noarlunga is $396500, with sellers offering an average of -9.61% off the asking price.
With the median price for a house in Port Noarlunga being $396500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.72%
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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.
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.