So I'm up in Port Macquarie for a week

[depreciator]

There are three new apartment blocks going up near the Town Beach. These ones are a bit too far back from the beach - the prime development spots went years ago.

Loads of For Sale signs around the place.

And Sovereign Hills is going ahead. I think it's supposed to house 10,000 people. Housing development out near the highway.

I reckon when you buy in a coastal town , unless you're buying within walking distance of water, you're taking a huge punt.

Supply up here is going to keep a lid on prices for a fair while I'd say.

Still, it's a nice place for a holiday.

 

[skater]

Still, it's a nice place for a holiday.

My Mum lives there. Prices were really high for a while. No idea what they are now.

 

[BV]

Hi Scott
I like the place too but I find it to be a little too far for a quick trip. For me the south coast is more convenient.
Where are you staying?

 

[depreciator]

Yeah, it's too far for a quick trip - even a long weekend.

I've got a unit in a place called Ki-ea. Bought it about 5 years ago off the plan.

It's probably about 400 metres to the sand.

Big three bedder - not much of a view, though.

Well managed complex with pools on the ground floor and a spa on the roof deck.

We're up here for a week and we'll be back in April for another week. Probably come up in October, too. And I let friends stay free. So it's always been more of a lifestyle thing.

It really is a good town, though. My pick of the coastal towns (though I love the lake at Forster).

Scott

 

[BV]

Hi Scott
I looked it up.
http://www.ki-ea.com.au/
I'll check it out next time I'm up that way.
thanks

 

[GreenTreeFrog]

Love Port. Looked at buying an apartment with a minor view a few monthsback. Nice but not worth it in terms of return and location.

Enjoy the pancakes!!

 

[asdf]

For me the south coast is more convenient.

Shhh, don't let the secret out. Was at one of the Sth Coast beaches over the weekend, was busier than Syd beaches like Bondi and Manly!