LNN | PortMac.news - property confidence booming in Port Macquarie Region

Despite the Australian economy facing its darkest days property confidence is booming on the Mid North Coast.

Source : PortMac.News | Citizen :

Source : PortMac.News | Citizen | News Story:


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property confidence booming in Port Macquarie Region

Despite the Australian economy facing its darkest days property confidence is booming on the Mid North Coast.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.13% growth over a ten-year period.

The area ranks 1874th on our list of suburbs that property investors should look into.

With the median home price in Port Macquarie sitting at $570,000, and the average rent at $450, property owners could potentially earn a 4.11% 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.