The Port Macquarie Real Estate rental market is very strong and has been for quite some time, with vacancy rates well under 1 per cent for eight or nine months. Investors are therefore riding high on a property wave. A lot of those real estate investors are purchasing to live in the area now, or purchasing property to move to the area in their retirement.
Port Macquarie Real Estate makes a great investment, it serves as a major tourist destination in addition to being the major regional centre for the Hastings Region, which has a population of approx 71,000. Recent estimates suggest that the Port Macquarie Hastings Population will reach approximately 100,000 by 2026, Port Macquarie real estate development is therefore a major issue to house the ever increasing population.
Located 420 Kilometres north of Sydney, and 510 Kilometres south of Brisbane, Port Macquarie Real Estate enjoys one of the best climates in Australia, with the maximum temperature rarely going above 30 degrees celcius or below 15 degrees celcius.
There are several new property growth areas identified within the Hastings Region. Sovereign Hills, situated 9 kilometres west of the regional centre of Port Macquarie, adjacent to the Pacific Highway, Thrumster, adjacent to Sovereign Hills and Rainbow Beach, encompassing the urban area of Lake Cathie and Bonny Hills. Real Estate prices in these areas will be influenced by the Port Macquarie Real Estate Boom.
