CoreLogic Data Reveals Port Macquarie Tops Rankings for Regional Property Market 2021 | Port Macquarie News

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The 2021 housing boom proved strong in Port Macquarie-Hastings where buyers quickly bought homes, according to the latest data. CoreLogic figures revealed Port Macquarie was the most sought after regional town in the state to buy property, when posting the highest total sales value. In the 12 months to September 2021, 887 properties were sold for a total value of $713,969,711. The median home price in Port Macquarie is $844,214, as of November 2021. Port Macquarie resident Ankit Gupta paid way over budget to buy a home in Lighthouse Beach, due to the competitive real estate market . Mr Gupta and his wife were renting in Port Macquarie but decided to buy a house in 2021. “We probably paid around $100,000 more than we budgeted for this area,” he said. “We’re thrilled that we got what we wanted to get and it all worked out in the end.” Mr Gupta works from home and said owning property has become more important because of this factor. Port Macquarie Upside Realty real estate agent Alice Wong has lived and worked in the area for over four decades. “We certainly know that we had a huge year 2021 in terms of properties purchased,” she said. Ms Wong said Mr Gupta’s experience of paying the asking price for a property is not unique. “With all of my buyers, they were paying way above market value,” she said. “The locals can’t compete with those who come from Sydney.” Ms Wong said the Port Macquarie areas are proving attractive to Sydney residents as they can easily walk into the city center or to the beach within minutes. “I spoke to people who realized they could live in Port Macquarie and work,” she said. “They wondered why they would stay in Sydney when they could come to our city. Others come here to change their lifestyle and escape the hustle and bustle of the city.” Bobbie Bory, a pensioner from Sydney, plans to move to Port Macquarie with her husband Chris Ward in February. The couple will rent property for six months and plan to buy in the Flynns Beach, Shelly Beach or Nobbys Beach areas. “I feel excited but I’m going to be patient because we’re very specific about what we’re looking for,” she said. “We’re not going to buy because we’re desperate.” Port Macquarie because of its climate, the lifestyle on offer and the people who live here.Ms Bory and Mr Ward were both born and raised in Sydney but fell in love with the town after trying to live in Flynns Beach in 2021. “We’ve established a network of lovely locals,” she says. Our reporters work hard to provide local, up-to-date news to the com community. Here’s how you can continue to access our content Trusted: Bookmark our website Make sure you’re signed up for our up-to-the-minute and regular newsletters You can support us with a subscription Follow us on Twitter: @portmacnews Follow us on Instagram: @portmacnews Follow us on Google News


Penny D. Jackson