PRD Port Stephens 4 Central Avenue Salamander Bay, NSW, 2317 02 4984 2000
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PRD Port Stephens  →  Research Hub  →  Port Stephens Property Factsheet 1st Half of 2018

Port Stephens Property Factsheet 1st Half of 2018

The Port Stephens property market recorded a median house price of $637,500 and $479,000 for units in Q1 2018, representing an annual price growth of 2.7% and 6.4% respectively. Over the same time, house prices in The Port Stephens Council Local Government Area (LGA) grew by 7.5% to $570,000 and unit prices grew by 8.2% to $437,000. This suggests that Port Stephens offers a more premium market than the wider LGA whilst remaining more affordable when compared to Sydney’s median house and other dwelling prices of $1,150,357 and $740,000. Buyers are urged to capitalise on capital growth and affordability in Port Stephens.

$437,000. This suggests that Port Stephens offers a more premium market than the wider LGA whilst remaining more affordable when compared to Sydney’s median house and other dwelling prices of $1,150,357 and $740,000. Buyers are urged to capitalise on capital growth and affordability in Port Stephens.

Median rent in Port Stephens has remained relatively stable for units over the past 12 months to Q1 2018, currently at $380 per week. Meanwhile median rent for houses experienced a partial softening to $440 per week. Investors are benefiting from strong rental yields of 3.3% (house) and 4.2% (units), much greater than Sydney Metro yields of 2.9% and 3.8%, respectively. Further, rental desirability for this market is supported by a low vacancy rate of 1.5% as at December 2017.

Port Stephens is set to see approx. $21.6M worth of new projects commence in the 1st half of 2018. The majority of investment (47.7%) will be focused on infrastructure developments, which will improve liveability benefits in Port Stephens and further attract investors into the market. This was followed by $5.5M (25.3%) of commercial development which we support economic growth. Approx. $5.0M (23.0%) will be invested into residential development, delivering an additional 14 townhouses and 3 units to the Port Stephens market in.

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