Coffs Harbour (postcode 2450) is a sizeable suburb in New South Wales within the Coffs Harbour local government area. The area has roughly 27,089 residents and an established family demographic, with a median age of 43. Households earn a median income of $64K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Coffs Harbour is $860,000, having risen by 4.9% over the past year. Units have a median price of $670,000 (+13.6% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Coffs Harbour is served by 12 schools, including 5 primary, 4 secondary, 2 combined, 1 special. The average ICSEA score is 971, which is around the national average of 1,000. Public transport access includes 1 rail station, 196 bus stops. Healthcare facilities include 1 public and 3 private hospitals. The crime rate in the Coffs Harbour LGA is moderate at 5,038 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices sit below the state median ($860K/$1.5M), which can point to relative value. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +4.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.