With a capital gain of 7.59% for the last 12 months, Sapphire Beach, 2450 has performed for property investments than its average annual 3.86% property growth over the last 5 years.
Comparing Sapphire Beach,2450 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Sapphire Beach are currently offering property investors an average price cut of -7.82% below the asking price at the moment.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.67%, without taking into account capital value appreciation, which has been averaging out at 3.86%.
Sapphire Beach is in the bottom 20% in NSW when comparing median price capital growth over the last year. Sapphire Beach gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.49%.
Across a shorter period, Sapphire Beach, 2450 has seen a median price increase of -4.68% over the last quarter.
Sapphire Beach2450 is located in NSW which offers an average discount of -6.01% to property investors. Sapphire Beach itself is showing figures that indicate -5.85% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 7.66%, without taking into account capital value appreciation, which has been averaging out at -0.64%.
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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.