Coffs Harbour Property Market Update 1st Half 2025
Nestled along the mid north coast of New South Wales and home to the iconic Big Banana, Coffs Harbour is a vibrant coastal city known for its laid-back charm, beautiful beaches and lush hinterland. With a perfect blend of country charm and modern conveniences, Coffs Harbour is an ideal place to settle down.
Property Trends
In Q1 2025, Coffs Harbour recorded a median house price of $815,000 and a median unit price of $595,000. Median house price has stabilised in the past 12 months to Q1 2025, whilst median unit price grew by 4.5%. Comparing Q1 2024 and Q1 2025, total sales declined by -19.9% (to 217 sales in Q1 2025) for houses and grew by 31.9% (to 124 sales in Q1 2025) for units. Houses in Coffs Harbour continue to be undersupplied, underpinning stable price growth despite higher interest rates. With low house stock available buyers have turned to units, which pushed up demand significantly. This resulted in a higher price growth for units. Now is an ideal time for owners to capitalise on their investments.
Project Development
Coffs Harbour will see approximately $286.5M of new projects commencing in 2025. The largest project to commence is the Coffs Harbour Jetty Foreshore Precinct ($76.0M). There are few residential projects in the pipeline, adding 155 units, 31 townhouses, and 436 lots. Whilst this will help with unit supply, an absence in new stand-alone houses suggests the current undersupply will remain. This will push house prices up further.
Rental Market & Growth
House rental yields in Coffs Harbour were 3.5% as of March 2025, relatively on par with the Coffs Harbour LGA (3.6%) and higher than Sydney Metro (2.7%). Further, median house rental price increased by 4.6% in the past 12 months to Q1 2025, at $680 per week. In the same timeframe the number of houses rented increased by 17.8% (to 311 houses) in Q1 2025. This indicates a highly demanded and competitive house rental market in Coffs Harbour, which is beneficial to investors.
Vacancy Rates & Property Investment
Coffs Harbour had a vacancy rate of 0.9% in March 2025, below the Coffs Harbour LGA average of 1.4% and Sydney Metro’s 1.3%. Vacancy rates fluctuated in the past 12 months, due to investors entering/exiting the rental market. That said, a 0.9% vacancy rate is significantly below the Real Estate Institution of Australia’s benchmark of 3.0%, thus quicker occupancy of rental homes in Coffs Harbour. This is conducive for investors, even with a higher unit median sale price in Q1 2025.
