{"id":43149,"date":"2023-06-14T09:41:29","date_gmt":"2023-06-13T21:41:29","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=43149"},"modified":"2023-06-14T09:43:23","modified_gmt":"2023-06-13T21:43:23","slug":"australias-top-performing-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-top-performing-property-market\/","title":{"rendered":"Australia’s top-performing property market"},"content":{"rendered":"

PHOTO: Coffs Harbour. AGODA<\/strong><\/p>\n

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Nestled between Sydney<\/a> and Brisbane<\/a> sits the quiet little NSW coastal town of Coffs Harbour. With a mix of pristine beaches with crystal-clear waters and lush rainforests with enchanting waterfalls, it\u2019s well known for its relaxed lifestyle.<\/p>\n

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Who are the \u2018MOVERS AND SHAKERS\u2019 of the NZ real estate industry? BUY NOW $19.99<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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It\u2019s also a property market in demand: over the first quarter of 2023, units in Coffs Harbour<\/a> outperformed every other region in Australia, growing by a massive 16 per cent, according to the\u00a0Domain House Price Report<\/em><\/a>.<\/p>\n<\/div>\n<\/div>\n

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People have been flocking from far and wide to settle in Coffs. Doctors and nurses have taken residence in the newly renovated cancer institute, engineers and construction workers have rocked into town to build a new bypass, crop farmers have discovered new holiday homes, and Russell Crowe is establishing a new major film studio here.<\/p>\n<\/div>\n<\/div>\n

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Properties in Coffs Harbour. Photo: Getty<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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This coastal town has seen a growth of infrastructure that has opened doors to Aussies looking to enter the property market, says real estate agent Dave Tompkins of Superior Property North Coast.<\/p>\n<\/div>\n<\/div>\n

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\u201cWe are getting a new bypass which is bringing a lot of people, jobs and buyers,\u201d he says. \u201cPlus, a big unit development is happening in Park Beach called Shoreline. It\u2019s between the beach and the shopping plaza. They are building this over-55s place, which is like a resort [and] has been really popular.<\/p>\n

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Byron Bay, Bangalow, Coffs Harbour and Wollongong property booms pricing out locals in regional NSW<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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\u201cAnd we can\u2019t forget about crop and cattle farmers coming to the coast for a holiday home and buying in cash. It\u2019s been a big boost in the high-end property market.\u201d<\/p>\n<\/div>\n<\/div>\n

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Units in the Coffs Harbour SA4 region, encompassing Bellingen, Coramba, Dorrigo and Emerald Beach, have always been more affordable than Melbourne or Sydney. Prices may have increased by 16 per cent in the last quarter, but the median price for a unit is still a relatively affordable $560,500.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n