Is Port Macquarie a good place to invest?

The township is also proving to be a favourable investment destination for first time home buyers, thanks to their exemption from paying a stamp duty. As a result, the median home price of houses sold and real estate rentals in Port Macquarie have soared as demand continues to gain momentum.

Is Port Macquarie expensive to live?

The average cost of living in Port Macquarie is $1494, which is in the top 26% of the most expensive cities in the world, ranked 2408th out of 9294 in our global list and 42nd out of 64 in Australia. Ranked 4993rd (TOP 54%) in the list of best places to live in the world and 52nd best city to live in Australia.

What is the vacancy rate in San Diego?

Marcus & Millichap research shows the office vacancy rate in San Diego is 16.1%, a 380 basis point increase from 2019. The class-A vacancy rate is even higher at 20.8%.

What’s the average rent for a house in Port Macquarie?

With the median home price in PORT MACQUARIE sitting at $385,000, and the average rent at $350, property owners could potentially earn a 4.73% 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.

How many people live in Port Macquarie NSW?

Port Macquarie has a population of 44,829 people and 28.02% of its occupants live in rental accommodation. The median listing price for houses is $595,000 and this has changed 6.44% over the past year and changed 8.37% over 2 years.

What are capital gains in Port Macquarie NSW?

Property investors enjoyed capital gains of 9.35% 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 4.46% growth over a ten-year period.

Is the rental vacancy rate on the rise in NSW?

A new Residential Vacancy Rate Report indicates rental vacancies are increasing in key NSW areas across Sydney, Illawarra, Hunter and the Mid-North Coast, according to Real Estate Institute of NSW data.