Sapphire Beach is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,660, the suburb has a mature demographic with a median age of 46. Households earn a median income of $107K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sapphire Beach is $1.1 million, having dropped significantly 9.9% over the past year. Units have a median price of $736,000 (+27.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,174.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Sapphire Beach offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -9.9% year-on-year.
Sapphire Beach is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,660, the suburb has a mature demographic with a median age of 46. Households earn a median income of $107K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Sapphire Beach is $1.1 million, having dropped significantly 9.9% over the past year. Units have a median price of $736,000 (+27.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,174.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Sapphire Beach offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -9.9% year-on-year.