Camden Haven Property Factsheet 2nd Half 2018
Laurieton is the largest town in Camden Haven district, a coastal area on the Mid North Coast of New South Wales (NSW). According to ABS Census 2016 only 8.0% of private dwellings were unoccupied, lower than the Australian average of 11.2%. This is good news for investors looking to enter the market.
Laurieton is the largest town in Camden Haven district, a coastal area on the Mid North Coast of New South Wales (NSW). According to ABS Census 2016 only 8.0% of private dwellings were unoccupied, lower than the Australian average of 11.2%. This is good news for investors looking to enter the market.
The Camden Haven property market continues to deliver positive capital growth over the past 12 months to Q3 2018, of 11.4% to $525,000. Median unit price has held relatively stable, at $420,000 in Q3 2018. Compared to the Camden Haven 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) price change of 1.0% for houses and 9.7% for units, houses in Camden Haven have strengthened in value whereas units have become more affordable.
The Port Macquarie-Hastings LGA recorded a median house price of $550,000 and median unit price of $395,000, representative of a 0.7% and a -1.1% growth between Q3 2017 – Q3 2018. Compared to Camden Haven the wider Port Macquarie-Hastings LGA market provides for a slightly more affordable option for buyers, however with lower capital growth. Camden Haven is a premium house and unit market, offering higher grade stock for prospective investors looking for good quality assets.
Median rent in Camden Haven has increased by 3.1% for units, to $330 per week in Q3 2018. The house rental market on an annual basis has remained stable, currently at $370 per week in Q3 2018. That being said rental yields for Camden Haven is at 3.8% (house) and 5.2% (units), significantly higher than that of Sydney Metro (2.7% and 3.7% respectively).
