Coffs Harbour City CouncilEconomic profile
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Coffs Harbour City

Housing valuation

At June 2017, Coffs Harbour City had a median house valuation of $497,530, $213,476 lower than the median house valuation for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
Coffs Harbour City20172013Change
Housing value (at June)Coffs Harbour CityNew South WalesCoffs Harbour City relative to New South WalesCoffs Harbour CityNew South WalesCoffs Harbour City relative to New South Wales2013 to 2017
House--------------
First Quartile$422,827$459,213-7.9%$337,950$331,720+1.9%+$84,877
Median$497,530$711,006-30.0%$397,874$457,239-13.0%+$99,656
Third Quartile$601,755$1,184,666-49.2%$488,796$701,375-30.3%+$112,959
Unit--------------
First Quartile$275,999$461,371-40.2%$210,978$305,938-31.0%+$65,021
Median$334,412$671,543-50.2%$258,914$430,178-39.8%+$75,498
Third Quartile$405,687$903,371-55.1%$315,269$570,847-44.8%+$90,418

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Coffs Harbour City: $405,687 Median, Coffs Harbour City: $334,412 First Quartile, Coffs Harbour City: $275,999 Third Quartile, Coffs Harbour City: $601,755 Median, Coffs Harbour City: $497,530 First Quartile, Coffs Harbour City: $422,827
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Coffs Harbour City: $90,418 Median, Coffs Harbour City: $75,498 First Quartile, Coffs Harbour City: $65,021 Third Quartile, Coffs Harbour City: $112,959 Median, Coffs Harbour City: $99,656 First Quartile, Coffs Harbour City: $84,877
Source: Hometrack 2011-2016, Housing Valuation System

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