Port Macquarie's housing market is bucking the Sydney downturn and could be expecting strong demand over the next 12 months, according to local real estate agents.
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Buyers looking for a lifestyle or climate change, getting out of the Sydney rush and grabbing good value are all fantastic selling points for the town, according to local experts.
McGrath Port Macquarie principal Todd Bates said there was still value to be had outside Sydney and plenty of local activity.
"Sydney has come back ten per cent, but they can still sell down there and buy well here," he said.
"There was a big rush on apartments last year, (and) family housing trying to get in before schools start to get kids settled in.”
Currently the median sales house price is $575,000 and the median unit price is $385,631 in town - while the median house price in Sydney in June 2018 was $1.12 million.
First National Real Estate Port Macquarie principal Ron Fischer said the market seemed steady and could expect a good year despite uncertainty around elections.
"We've seen some good inquiry, some holding back to sell waiting to see what the market does," he said.
"(For Sydney buyers) Port Macquarie has good infrastructure, climate. Its still got good flow-on effect, still good value even though the median house price is around $600,000.
"Port Macquarie has always had constant turnover, it’s bucked a few trends over the years."
The town's population trended upward from 41,491 people in 2011 to 44,857 in 2016, while the majority of residents are aged 60-69 years and living as childless couples, according to Corelogic data.
Belle Property Port Macquarie principal Sue Jogever said there was strong demand, including interest in local properties being professionally 'styled for sale'.
"We are still experiencing strong demand from 'out of area' buyers who are seeking to relocate to this region for a sea-change and better opportunities for home ownership or investment," she said.
"It is not only the semi-retirement market/downsizing to this region, but more importantly younger families who are seeing the benefits of better home affordability in regional markets such as Port Macquarie."
Ms Jogever said investor interest had slowed prior to Christmas with a tightening of finance approval for property investors, but Port's schools, education and medical services were prime benefits.
"Although the property market in Sydney has slowed down slightly, the impact has not greatly impacted on purchasing property in this region as they are still able to secure suitable lifestyle properties," she said.
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