Over the last year, property investments in Port Noarlunga, 5167 have given investors a capital gain of 8.95%. This compares very favourably with the 2.55% for SA as a whole.
A 19.48% growth in median value for property investors in Port Noarlunga,5167 puts this suburb at number 224th in terms of best performing suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Port Noarlunga itself are offering an average vendor discount of -4.82% to real estate investors.
In the last year 69 properties changed hands in Port Noarlunga, which puts it as the 100th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 2.95%, investors should hope to achieve an overall return of 4.27%
At number 189th in the list of Australian suburbs ordered by increase in median house value over the last year, Port Noarlunga, 5167 is in the top 20% with a property value increase of 16.81% recorded in median house prices.
Our latest figures would indicate that property sellers in Port Noarlunga are currently offering property investors an average price cut of -6.91% below the asking price at the moment.
Situated 12.54km from the CBD, Port Noarlunga is one of Onkaparinga localities in the postcode 5167.
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.