Coffs Harbour Property Market Update 2nd 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 Q3 2025, Coffs Harbour recorded a median house price of $850,000, and a median unit price of $591,250. This is an annual (Q3 2024 – Q3 2025) median price growth of 3.3% for houses and 1.1% for units.
Comparing Q3 2024 – Q3 2025, total sales increased by 5.6% (to 245 sales in Q3 2025) for houses and by 48.6% (to 156 sales in Q3 2025) for units. There is a highly demanded market, creating a buffer against higher interest rates – thus price growth.
Thus, now is an ideal time for owners to capitalise on their investments. Without any new houses planned for construction in 2025, prices are expected to increase in the short and medium term. Thus, buyers must act fast.
Project Development
Coffs Harbour will see approximately $186.7M of new projects commencing in 2025. The largest project to commence is the Coffs Harbour Jetty Foreshore Precinct ($76.0M).
There are a few residential projects in the pipeline, adding 122 units, 17 townhouses, and 29 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 3.4% in September 2025, higher than Sydney Metro (2.7%). This was paired with a 2.9% increase in median house rental price in the past 12 months to Q3 2025, at $700 per week.
The number of houses rented declined by -32.2% in the past 12 months, to 99 rentals in Q3 2025. Higher rent and fewer properties rented can also be seen in the unit rental market, confirming an undersupply of rental properties in Coffs Harbour. Thus, Coffs Harbour is an ideal investment opportunity.
Vacancy Rates & Property Investment
Coffs Harbour recorded a vacancy rate of 1.2% in September 2025, slightly below Sydney Metro’s 1.3% average. Vacancy rates in Coffs Harbour increased slightly in the past 12 months, due to the return of investors.
However, a 1.2% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quick occupancy of rental homes. This is conducive for investment, even with a higher property sale price (thus, entry price) in the past 12 months to Q3 2025.
