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Port Macquarie suburb profile

Port Macquarie is a picturesque coastal town located on the mid-north coast of New South Wales, renowned for its stunning beaches, lush hinterlands, and vibrant community. As a popular holiday destination, it offers a relaxed lifestyle with a mix of natural beauty and modern amenities. The town is home to the iconic Koala Hospital, beautiful coastal walks, and a thriving arts scene. With a variety of dining options, shopping precincts, and recreational activities, Port Macquarie attracts families, retirees, and tourists alike. Its blend of coastal charm and growing infrastructure makes it an appealing place to live and visit.

Port Macquarie property market performance

Current median dwelling price$815,000Past 3 months

Property growth+5.8%Past 12 months

Port Macquarie has experienced growth in its property market over the past 12 months. House values climbed by 8.2%, with the current median price reaching $940,000, while unit values increased by 3.3%, bringing the median to $690,000. This indicates a steady demand for both property types.

Sales activity has remained robust, with 215 houses and 104 units sold over the last year. Houses are selling slightly quicker than units, with median days on market at 30 compared to 36, demonstrating consistent interest from buyers.

The rental market has shown modest growth, with house rents rising by 1.6% and unit rents increasing by 5.3%, reflecting a stronger demand for units. Average rents now stand at $650 for houses and $500 for units, signalling a balanced rental environment.

HousesUnits
Median price
Past 3 months
$940K$690K
Change in value
Past 12 months
8.2%3.3%
Sold
Past 3 months
215104
Median days on market
Past 12 months
3036
Average rent
Past 12 months
$650$500
Change in rent
Past 12 months
1.6%5.3%

5 year median price trend for houses and units

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Port Macquarie demographics

Port Macquarie, located on the mid-north coast of New South Wales, is a picturesque coastal town known for its stunning beaches, lush hinterland, and vibrant community. With a population of 47,693, it offers a relaxed lifestyle that appeals to retirees, families, and those seeking a sea change. The median age of 48 reflects its popularity among older residents and retirees, who are drawn to its serene environment and excellent amenities.

The suburb's housing landscape is characterized by a significant proportion of properties owned outright, accounting for 41.3% of the total, which is indicative of its appeal to long-term residents and retirees. Meanwhile, 25.9% of properties are owned with a mortgage, and 32.8% are rented, providing a balanced mix of housing options for both homeowners and renters. This diversity in property ownership supports a stable and welcoming community atmosphere.

Family dynamics in Port Macquarie are varied, with couple families without children making up 48.4% of the population, followed by couple families with children at 33.1%. One-parent families account for 17.4%, highlighting the suburb's family-friendly nature. The area's natural beauty, combined with its community facilities and services, makes it an attractive destination for families and individuals seeking a peaceful yet connected lifestyle.

Port Macquarie infrastructure, key developments and investment opportunities

Port Macquarie continues to benefit from ongoing investment in health, education and tourism infrastructure, supporting its appeal to both owner-occupiers and sea-changers. Upgrades and expansions at the local base hospital and associated medical facilities are strengthening the area’s position as a regional health hub, which typically underpins stable employment and demand for nearby housing. Improvements around the town centre and foreshore, including refreshed public spaces and walking paths, are enhancing lifestyle appeal and supporting short-stay accommodation demand.

Transport connectivity remains a key driver, with easy access to the Pacific Highway and ongoing incremental upgrades to local road networks improving commute times to employment precincts and the airport. Council’s longer-term planning focus on managed growth, environmental protection and maintaining the character of key coastal and riverside areas is likely to concentrate new medium-density development around existing centres. Collectively, these trends support Port Macquarie’s livability and are expected to keep residential property demand relatively resilient over the medium term.

Port Macquarie rental market trends

The rental market in Port Macquarie shows modest growth, with house rents increasing 1.6% over the past year to $650 per week, while unit rents have climbed 5.3% to $500 per week. With its attractive coastal lifestyle and ongoing community development, Port Macquarie offers appealing options for both renters and investors.

Suburbs near Port Macquarie

Some popular suburbs near Port Macquarie include:

How does Port Macquarie compare to nearby suburbs?

  • Median house prices: Port Macquarie’s median house price is 19.4% higher than Crestwood’s.
  • Median unit prices: Port Macquarie’s median unit price is 97.1% higher than Crestwood’s.
  • House price growth: Over the past 12 months, house prices in Port Macquarie have grown 0.6% higher than in North Shore.
  • Unit price growth: Over the past 12 months, unit prices in Port Macquarie have grown 7.7% higher than in Thrumster.
  • Selling speed for houses: Properties in Port Macquarie are selling 42.3% faster than in Crestwood.
  • Selling speed for units: Properties in Port Macquarie are selling 20.0% faster than in Crestwood.

Common questions about Port Macquarie

  • Is Port Macquarie a nice place to live?

    Port Macquarie is a delightful place to call home, offering a harmonious blend of coastal charm and modern conveniences. This charming suburb is renowned for its relaxed lifestyle, making it an ideal choice for families seeking a peaceful environment with plenty of recreational opportunities. The suburb's vibrant community is complemented by a variety of amenities, including shopping centers, cafes, and restaurants, ensuring that residents have everything they need within easy reach. The presence of excellent schools and healthcare facilities further enhances its appeal to families, providing a safe and nurturing environment for children to grow up in.

    Living in Port Macquarie means embracing a lifestyle that balances natural beauty with urban comforts. The suburb is known for its strong community spirit and cultural scene, offering residents a chance to engage in various local events and activities. While the area is generally safe, as with any growing suburb, it's important to stay mindful of your surroundings, especially during peak tourist seasons. One trade-off of living in this picturesque location is the potential for increased property prices due to its desirability, but the investment is often seen as worthwhile given the quality of life on offer.

    For families, Port Macquarie provides a nurturing environment with plenty of green spaces and outdoor activities, making it a fantastic place to raise children. The suburb's proximity to the Pacific Highway and ongoing improvements to local infrastructure ensure that residents enjoy convenient access to nearby employment hubs and the airport. While the area may not offer the bustling nightlife of a major city, its serene atmosphere and community-focused lifestyle make it an attractive option for those seeking a more laid-back pace of life. Overall, Port Macquarie is a wonderful place to live, offering a unique blend of coastal living and modern amenities that cater to a diverse range of residents.

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  • Is it expensive to live in Port Macquarie?

    Living in Port Macquarie can be considered moderately expensive, especially when compared to the average earnings in New South Wales. The median house price in Port Macquarie is around $940,000, while units are priced at approximately $690,000. These figures suggest that buying property in this coastal suburb requires a significant financial commitment, particularly when the median total household income is $1,282 per week. This is notably lower than the New South Wales average full-time adult weekly earnings of about $1,930.

    For those considering renting, the average rent for houses is $650 per week, and units are slightly more affordable at $500 per week. This rental pricing aligns with the area's desirability, given its beautiful beaches and relaxed lifestyle, but it can still pose a challenge for households earning below the state average income. While Port Macquarie offers a picturesque and laid-back environment, potential residents should carefully evaluate their financial situation and budget to accommodate the higher cost of living associated with this charming suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Port Macquarie a good place to invest?

    Port Macquarie stands out as a promising investment suburb with its recent positive trends in property values. Over the last year, the median house value in Port Macquarie has increased by 8.2%, indicating a strong demand for houses in the area. This growth suggests that the suburb is attracting buyers who are keen on securing property in a location known for its coastal charm and lifestyle appeal.

    Units in Port Macquarie have also shown a steady increase in value, with a 3.3% rise over the past 12 months. This, coupled with a notable 5.3% increase in rent for units, highlights a growing interest from renters, possibly driven by the suburb's attractive amenities and proximity to the beach. The rental market for houses has seen a more modest increase of 1.6%, but this still reflects a stable demand.

    Overall, Port Macquarie offers a balanced investment opportunity with both houses and units showing potential for capital growth and rental income. Its scenic location, combined with the recent upward trends in property values and rental demand, make it an appealing choice for investors looking for a mix of lifestyle and financial returns.

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Choose the right real estate agents in Port Macquarie

There are 90 real estate agents in Port Macquarie, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 26.9% of all sales in the past year.

Commission rates in Port Macquarie typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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