NSW has seen average median house prices change by 4.04% which means that Sapphire Beach, 2450 has done well for property investors by showing a capital gain of 3.84% over the last year
Comparing Sapphire Beach,2450 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Sapphire Beach should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
With the median price for a house in Sapphire Beach being $735000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.33%
Investment property in Sapphire Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.95%
Vendor discounting in Sapphire Beach is giving property investors an average Vendor Discount of around -7.95%. This puts suburb at number 29th in NSW when ranking the most discounted suburbs.
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