Coffs Harbour Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
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 softened 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, which underpinned stable price growth despite higher interest rates. With low house stock available buyers have turned to units, which pushed up demand significantly. This has resulted in a higher price growth for units, making now an ideal time for owners to capitalise on their investments.
CHANGE FROM LAST
YEAR
Coffs Harbour£ will see approximately $286.5M of new projects commencing construction in 2025.
Residential $75.6M
HALF YEAR
HOUSE SALE S
Commercial $66.8M
Industrial $5.1M
Mixed-Use Infrastructure Projects $84.3M $54.8M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
Several residential and mixed-use developments are set to commence construction in 2025, including:
UNIT SALE S UNIT ME DIAN PRICE
•
290-290A North Boambee Road Residential Subdivision (259 Lots)
UNIT RE NTAL PRICE
•
319-321 Harbour Drive Mixed Use Development (39 Apartments)
•
Sable Apartments Coffs Harbour (35 Apartments)
•
22 Bent Street Units (4 Units)
•
Outlook Place Townhouses Stages 1 & 2 (5 Townhouses)
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$815K
$595K
MEDIAN PRICE Q1 2025
$680
SALES
AVERAGE DAYS ON MARKET Q1 2025
84
93
HOUSE
U N I T
RENTALS
$510
Although there are several residential projects planned, there are no new houses in the pipeline. Therefore, an undersupply in the house market will remain. This will push buyers to peruse other property types. As a result, this will increase prices further, for not only houses but other stock types as well.
AVERAGE DAYS ON MARKET Q1 2025
21
20
HOUSE
U N I T
155 Units/ Apartments
31 Townhouses
436 Lots