I'd have to agree. We purchased a 3 bedroom house in December and rented it out within a couple of weeks with a 5.3% rental yield (expected under 5%).Port Macquarie is a great place to invest at the moment.
There is also a campaign by council to encourage people to build Granny flats at the moment.
http://housingpromotion.com.au/secondary-housing-reports/port-macquarie-hastings/