Camden Haven Property Factsheet 1st Half of 2019
The Camden Haven property market continue to strengthen in 2019, with a median house price of $549,000 and median unit price of $432,500 in Q1 2019. This represents annual (Q1 2018 – Q1 2019) price growth of 14.4% (house) and 9.5% (units). Compared to the Camden Haven 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price growth of 11.4% (house) and stable for units, properties in Camden Haven have strengthened in value. This should provide owners and investors in Camden Haven with confidence, as many other regional New South Wales (NSW) markets have experienced a softening in median prices, as has the Sydney Metro area.
The Camden Haven property market continue to strengthen in 2019, with a median house price of $549,000 and median unit price of $432,500 in Q1 2019. This represents annual (Q1 2018 – Q1 2019) price growth of 14.4% (house) and 9.5% (units). Compared to the Camden Haven 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price growth of 11.4% (house) and stable for units, properties in Camden Haven have strengthened in value. This should provide owners and investors in Camden Haven with confidence, as many other regional New South Wales (NSW) markets have experienced a softening in median prices, as has the Sydney Metro area.
The Port Macquarie – Hastings Local Government Area (LGA) recorded a median house price of $547,500 and median unit price of $385,000 in Q1 2019, representing annual (Q1 2018 – Q1 2019) growth of -0.5% (house) and 0.0% (units). Compared to the LGA the Camden Haven area is premium market, both from an entry price and capital growth perspectives.
The Camden Haven rental markets proves to be resilient, benefitting investors. The median house rent price softened by -3.8% between Q1 2018 – Q1 2019, to $375 per week. Median unit rent price remained stable, at $325 per week. However, considering the number of properties rented increased, by 13.8% for houses and 28.6% for units, this indicates a resilient rental market with healthy level of demand.
