Located in New South Wales within the Port Macquarie-Hastings local government area, Port Macquarie is a sizeable suburb (postcode 2444). With a population of 47,693, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Port Macquarie is $910,000, having edged higher by 1.7% over the past year. Units have a median price of $650,000 (+8.3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,751.
Port Macquarie is served by 19 schools, including 9 primary, 5 secondary, 4 combined, 1 special. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 1 ferry wharf, 305 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,587 incidents per 100,000 population.
Looking at the investment signals, Port Macquarie shows a gross rental yield of approximately 3.4%, rated as moderate yield. Property prices sit below the state median ($910K/$1.5M), which can point to relative value. The price-to-income ratio of 13.7x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.