Coffs Harbour Property Market Update 1st Half 2026
Nestled along the mid north coast of New South Wales and home to the iconic Big Banana, Coffs Harbour is a vibrant costal 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 2026, Coffs Harbour recorded a median house price of $950,000 and a median unit price of $640,750. This is an annual (Q1 2025 – Q1 2026) median price growth of 14.5% for houses and 4.4% for units. Comparing Q1 2025 – Q1 2026, total sales decreased by -15.6% (to 205 sales in Q1 2026) for houses and increased by 8.2% (to 119 sales in Q1 2026) for units. Overall, there is a highly demanded market, creating a buffer against higher interest rates in 2026 – which continuously stimulating property price growth. Thus, now remains an ideal time for owners to capitalise on their investments.
Project Development
Coffs Harbour will see approximately $256.0M of new projects commencing in 2026. There is a wide range of residential projects in the pipeline, adding 163 units, 63 townhouses, 819 lots and 14 dwellings. Although there are several residential projects, compared to 205 house sales in Q1 2026, this is not enough. Further, new residential stock is dominated by vacant land lots which will take time to develop (into the house). This suggests that the current undersupply will continue, pushing up property prices.
Rental Market & Growth
House rental yields in Coffs Harbour were 3.4% in March 2026, higher than Sydney Metro (2.8%). This was paired with a 2.9% increase in median house rental price in the past 12 months to Q1 2026, at $720 per week. The number of houses rented declined, by -37.8% in the past 12 months, to 107 rentals in Q1 2026. The same pattern is also seen in the unit rental market, confirming there is an undersupply of rental homes in Coffs Harbour. This benefits investors, especially those looking for a more affordable option than Sydney.
Vacancy Rates & Property Investment
Coffs Harbour recorded a vacancy rate of 1.1% in March 2026, on par with Sydney Metro’s 1.1% average. Vacancy rates in Coffs Harbour have remained low, yet stable in the past 12 months. Further, a 1.1% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quick occupancy of rental homes in Coffs Harbour. Overall, there is a conducive for investment, even with a higher house and unit sales price (thus, entry price) in the past 12 months to Q1 2026.
