With a capital gain of 6.64% for the last 12 months, Coffs Harbour, 2450 has performed for property investments than its average annual 3.07% property growth over the last 5 years.
A 27.66% growth in median value for property investors in Coffs Harbour,2450 puts this suburb at number 1024th in terms of best performing suburbs in NSW
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 -4.05% is being offered, which puts this NSW suburb at 3082th most discounted overall in Australia.
The NSW suburb of Coffs Harbour, 2450 is in the Coffs Harbour local government area.
Property investors who have had real estate in Coffs Harbour, 2450 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.65%
A 24.55% growth in median value for property investors in Coffs Harbour,2450 puts this suburb at number 479th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Coffs Harbour is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 276th in terms of most discounted suburbs in NSW
In the last year 359 properties changed hands in Coffs Harbour, which puts it as the 14th most active market in NSW when comparing the number of sales per suburb.
Situated 349.62km from the CBD, Coffs Harbour is one of Coffs Harbour localities in the postcode 2450.
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
Information supplied by:
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.