Coffs Harbour NSW 2450: Property Market Report & Real Estate Insights

Coffs Harbour Real Estate Market Outlook

Thinking about buying in Coffs Harbour? Now could not be a better time, with 19836 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,027,000 with prices in this suburb ranging from $27,000 to $86,880,000. Coffs Harbour is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Coffs Harbour

In Coffs Harbour there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Coffs Harbour is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Coffs Harbour leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Coffs Harbour we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Coffs Harbour a better buying opportunity than it may have been in the past.

Instant Property Valuation

Coffs Harbour is a coastal city to the north-east of New South Wales. Situated on the Mid North Coast along the Pacific Highway, Coffs Harbour was first settled by Europeans in the early 1900s, having been originally inhabited by the Gumbaynggirr people; it quickly became an important centre for the production of timer. The opening of the North Coast Railway Line made it much easier to transport timber from Coffs Harbour, leading to further growth of the settlement; this was exacerbated by the growth of the banana industry in the region, an industry that led to Coffs Harbour becoming the site of the Big Banana, one of Australia’s famous Big Things. The city today acts a regional centre for tourism, featuring beaches and jetties and a number of major heritage sites.

Coffs Harbour is an incredibly accessible city, with the Pacific Highway cutting right through its heart and connecting it to Sydney. Coffs Harbour Airport runs regular internal flights to major cities, including Sydney, Melbourne and Brisbane; it is also serviced by the New South Wales TrainLink. Featuring a beautiful marina and a number of sports venues and local attractions, Coffs Harbour draws in a reasonable amount of tourism to supplement its other industries. Featuring public amenities ranging from a huge number of national parks to a campus of Southern Cross University, Coffs Harbour is a well-serviced, well-connected, stunningly beautiful place to own property.

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