Over the last year, property investments in Coffs Harbour, 2450 have given investors a capital gain of 7.64%. This compares badly with the 10.55% for NSW as a whole.
A 29.17% growth in median value for property investors in Coffs Harbour,2450 puts this suburb at number 526th in terms of best performing suburbs in NSW
Coffs Harbour, 2450 is offering NSW ‘s 868th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
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 3.29%
A 28.40% growth in median value for property investors in Coffs Harbour,2450 puts this suburb at number 137th in terms of best performing suburbs in NSW
Vendor discounting in Coffs Harbour is giving property investors an average Vendor Discount of around -3.41%. This puts suburb at number 301th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.41%, investors should hope to achieve an overall return of 5.20%
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.