At number 1447th in the list of Australian suburbs ordered by increase in median house value over the last year, Coffs Harbour, 2450 is in the top 40% with a property value increase of 7.32% recorded in median house prices.
While Coffs Harbour,2450 ranked number 936th in NSW for increase in median house value (annualised) increase, it is ranked 958th over the last 5 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 -4.04% is being offered, which puts this NSW suburb at 3195th most discounted overall in Australia.
Coffs Harbour, 2450 ranked 264th 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 was ranked 1515 in Australia by increase in median property value over the quarter.
Vendor discounting in Coffs Harbour is giving property investors an average Vendor Discount of around -3.68%. This puts suburb at number 325th in NSW when ranking the most discounted suburbs.
Residents and property investors in Coffs Harbour have been waiting around 81.84 days to sell a property.
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.