Get a property report and suburb profile for any property in Coffs Harbour

Coffs Harbour is a coastal regional centre centred on a protected harbour and long sandy beaches, with a relaxed seaside character and a strong outdoor focus. The area has surf breaks, boating and easy access to the Solitary Islands Marine Park and nearby rainforest national parks. Housing ranges from older seaside cottages and mid-century homes to newer low-rise apartments and waterfront dwellings, and the foreshore supports a busy fishing fleet and leisure activity.

Home to 27,089 people with a median age of 43, the suburb serves families, retirees and people working in tourism, health and local services. About 59.2% of homes are owner-occupied while around two in five are rented, so there is a mix of owners and renters. Coffs Harbour is well served by an airport, the coastal highway and regional rail, and it is being reshaped by the Pacific Highway Coffs Bypass alongside a council-led city centre renewal and recent expansion of the Coffs Harbour Health Campus. Whether it suits you comes down to whether you want a seaside, outdoors-oriented regional centre with that mix of housing and jobs.

Rents in Coffs Harbour 2450 take a large share of a typical local household's weekly income at the last Census. A house rent of $670 a week is about 54.4% of a household earning $1,231 a week at the last Census, while a unit at $530 a week is about 43.0% of that weekly income. If you are renting rather than buying, those rent shares are the immediate numbers to watch.

Buying also sits well above local incomes at the last Census. A $830,000 house is about 13.0 times a typical local annual household income at the last Census, and a $610,000 unit is about 9.5 times that annual income. On these figures both renting and buying take up a large part of what a typical local household earned at the last Census, with purchase prices particularly high against annual income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit markets have been the stronger performer in Coffs Harbour over the past 12 months. Unit values climbed 9.4% and unit rents rose 8.2%, both solid increases, while house values increased 7.0% (a solid rise) and house rents rose 3.1% (a modest increase). Units therefore outpaced houses on both capital growth and rental income over the year.

If rental income is your priority, the unit rent figure is the most relevant; if you care more about capital growth both property types gained value but units rose faster. Whether that suits your objectives and circumstances is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.