NSW has seen average median house prices change by 10.25% which means that Sapphire Beach, 2450 has done well for property investors by showing a capital gain of 19.67% over the last year
Across a shorter period, Sapphire Beach, 2450 has seen a median price increase of 0.56% over the last quarter.
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 Sapphire Beach, 2450. Typically our figures indicate that -5.44% is being offered, which puts this NSW suburb at 1893th most discounted overall in Australia.
Residents and property investors in Sapphire Beach have been waiting around 123.88 days to sell a property.
Situated 387.55km from the CBD, Sapphire Beach is one of Coffs Harbour localities in the postcode 2450.
Property value increases in Sapphire Beach have tracked higher than the NSW average of 6.98% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sapphire Beach has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Sapphire Beach should be aiming for at least -4.23% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.73%, investors should hope to achieve an overall return of 6.22%
Situated less than 10 minutes’ drive from the shopping, dining and commerce centre of Coffs Harbour on the NSW coast, Sapphire Beach is a popular location with families, retirees and those seeking a desirable coastal lifestyle.Full summary
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With a name like Sapphire Beach, you’d be expecting a glittering ocean view – and the good news is, you won’t be disappointed. Many apartments in this hilly suburb, which is typified by tall trees and lush green growth, offer stunning ocean views.
Situated less than 10 minutes’ drive from the shopping, dining and commerce centre of Coffs Harbour on the NSW coast, Sapphire Beach is a popular location with families, retirees and those seeking a desirable coastal lifestyle. Between 2011 and 2036, ABS figures show that the population for Coffs Harbour overall is forecast to increase by almost 24,000 (33.38% growth) so demand is likely to remain strong.Close