Ensure you never miss an issue of the
real estate business bulletin
Coffs Harbour prices set to soar

Coffs Harbour prices set to soar

by Belinda Luc 0 comments

Property prices have soared in NSW's Coffs Harbour region over the past 12 months as demand outstrips supply, new research by PRDnationwide has found.

According to PRDnationwide, Coffs Harbour house prices have shot up by 14.4 per cent. Meanwhile, units have recorded strong growth of 20.9 per cent over the 12 months to June 2010.

"Public infrastructure projects including the Coffs Harbour Bypass and significant urban rejuvenation projects are benefiting the property market," PRDnationwide managing director Jim Midgley said.

PRDnationwide research analyst Oded Reuveni Etzioni agreed, saying in the year to June 2010, 1,116 houses were sold in the region, representing an 8.7 per cent increase in activity from the same period in the previous year.

"Coffs Harbour also showed the highest five year growth in median price, at an average rate of five per cent per annum," Mr Etzioni said.

 

Coffs Harbour prices set to soar
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?