Property investors enjoyed capital gains of 12% over the last 12 months in PORT MACQUARIE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.71% growth over a ten-year period. It ranks 1718th on our list of suburbs that property investors should look into.
PORT MACQUARIE, 2444 has a capital gain of 12% for the past year, which is higher than average compared to its 43.59% growth within a five-year period.
With the median home price in PORT MACQUARIE sitting at $560,000, and the average rent at $440, property owners could potentially earn a 4.09% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PORT MACQUARIE are low, as opposed to average gains per annum over the past five years.
PORT MACQUARIE, 2444 in NSW belongs to the local government area of Port Macquarie-Hastings.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12%||5.11%|
|Median 3 years||28.74%||25.42%|
|Median 5 years||43.59%||34.3%|
|10 years average annual||4.71%||3.72%|
|Weekly media advert. rent||$440||$345|
|Time on Market||62.8 days||56.4 days|
|Gross Rental Yield Percent||4.09%||4.85%|