Property Investors We Need You!
There is currently a housing crisis on the Coffs Coast, with insufficient rental properties available to meet demand.
Rental yields are currently sitting at around 4.9% for houses and almost 5.2% for units. These yields are expected to rise with the influx of prospective tenants arriving to carry out the major works associated with the construction of the Coffs Harbour highway bypass.
In addition to a rise in rental yields, property prices on the Coffs Coast are expected to increase even further with the pending amplified demand.
The Coffs Coast has experienced capital growth of around 12.5% since March last year. The influx of buyers wishing to escape city centres for the lifestyle on offer in regional centres (in the wake of COVID 19) has pushed property prices up.
Compared to the elevated property prices in city centres, these buyers are still seeing great value in the Coffs Coast market. With a median house price of around $569,000 in Coffs Harbour, you can see why! Median prices do vary throughout the Coffs Coast i.e. the median value in Sapphire Beach is around $856,500. If you're unfamiliar with the region, seek advice from a local property expert.
The infrastructure on the Coffs Coast, it's location (approx.) halfway between Sydney & Brisbane, the increase in flights from Melbourne and Brisbane and also the increase in seats for flights to Sydney, the progressive capital works, increased development, amazing networking opportunities, PLUS an outstanding lifestyle are all drivers for the increasing popularity of the Coffs Coast.
If you're considering purchasing an investment property, why not explore the possibilities the Coffs Coast has to offer. We need you!