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.
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