News

Published on February 12th, 2018

Port Property Fun Facts

Here are some interesting facts about Port Macquarie;
  • According to Domain.com.au, in the last 90 days, Port Macquarie was the second most searched suburb in Australia, loosing out to Sydney in the top spot
  • 58.3% of enquiry was from people out of the area and 41.7% of enquiry was locally
  • Listings from Elders Real Estate Port Macquarie from November 2017 to January 2018 received 70,555 views
  • In Port Macquarie on average it takes 37 days to sell a house and 32 days to sell an apartment
  • In 2017 a total of 816 houses sold and 500 apartments were sold in the Port Macquarie precinct
  • Current gross rental yields are 4.1% for houses and 4.8% for units
  • The current population of Port Macquarie is 79,905 people and is forecast to grow by around 28% to 102,926 by 2036
  • In the last quarter house prices increased by 4% to $520,000, up 11% over the year and the median unit price also increased 8.8% over the year to $380,000
  • Experts are predicting after another strong quarter of growth, following on from a healthy year, the Port Macquarie property market looks set to continue to prosper
Any more questions contact our sales team on (02) 6584 1199.

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