Coffs Harbour, 2450 ranked 892th in NSW when comparing growth in median property values or capital gain over the last 12 months. Coffs Harbour is one of 3163 in our list for NSW
Coffs Harbour,2450 has offered an average of 8.56% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coffs Harbour, 2450. Typically our figures indicate that -3.97% is being offered, which puts this NSW suburb at 2951th most discounted overall in Australia.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
Coffs Harbour has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.56% to date .
Across a shorter period, Coffs Harbour, 2450 has seen a median price increase of 0.76% over the last quarter.
At number 300th of NSW’s most discounted properties, Coffs Harbour is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 4.19%.
Coffs Harbour will be familiar to many as the home of the Big Banana, but it’s also likely to provide big opportunities for investors. Around 540km north of Sydney, the economy is mostly based around banana growing and tourism, with some manufacturing.Full summary
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Coffs Harbour will be familiar to many as the home of the Big Banana, but it’s also likely to provide big opportunities for investors. Around 540km north of Sydney, the economy is mostly based around banana growing and tourism, with some manufacturing.
Coffs has a busy airport which runs regular flights to Sydney and Brisbane. There is also a rail station connecting Coffs to both cities, and the area is set to benefit from significant upgrades to the Pacific Highway (which runs through the town).
The city’s permanent population is projected to increase from 70,000 to 80,000 between now and 2016 – notwithstanding seasonal increases of around 30,000 people. Much of this growth will be down to retirees and sea changers relocating from cities, particularly Sydney. This is something that may increase in coming years, as baby boomers who may have delayed retirement due to the GFC downsize.
However, there is also a significant working population with more than half of the town’s populace being between the ages of 20 and 59. This, combined with the relatively diverse industrial base, means that the city isn’t entirely dependent on tourism and sea changers, and as such makes it a less risky investment than some other coastal towns.
There are a wide range of amenities in Coffs, with several shopping centres, a range of restaurants, sports facilities, schools and two hospitals. Its beaches are also famed for their beauty, and the hinterland of the Great Dividing Range is only a few kilometres west.