Coffs Harbour City CouncilEconomic profile
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Coffs Harbour City

Housing valuation

At June 2018, Coffs Harbour City had a median house valuation of $532,814, $207,630 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 2014-2018, Housing Valuation System

Housing values
Coffs Harbour City20182016Change
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 Wales2016 to 2018
House--------------
First Quartile$445,165$498,085-10.6%$389,927$420,245-7.2%+$55,238
Median$532,814$740,444-28.0%$468,925$639,193-26.6%+$63,889
Third Quartile$653,014$1,171,986-44.3%$575,632$1,039,395-44.6%+$77,382
Unit--------------
First Quartile$292,995$485,261-39.6%$257,317$421,684-39.0%+$35,678
Median$354,405$676,368-47.6%$307,449$613,880-49.9%+$46,956
Third Quartile$439,427$890,202-50.6%$395,412$812,474-51.3%+$44,015

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Coffs Harbour City: $439,427 Median, Coffs Harbour City: $354,405 First Quartile, Coffs Harbour City: $292,995 Third Quartile, Coffs Harbour City: $653,014 Median, Coffs Harbour City: $532,814 First Quartile, Coffs Harbour City: $445,165
Source: Hometrack 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, New South Wales: $77,728 Median, New South Wales: $62,488 First Quartile, New South Wales: $63,577 Third Quartile, New South Wales: $132,591 Median, New South Wales: $101,251 First Quartile, New South Wales: $77,840 Third Quartile, Coffs Harbour City: $44,015 Median, Coffs Harbour City: $46,956 First Quartile, Coffs Harbour City: $35,678 Third Quartile, Coffs Harbour City: $77,382 Median, Coffs Harbour City: $63,889 First Quartile, Coffs Harbour City: $55,238
Source: Hometrack 2016-2018, Housing Valuation System

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