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 City20182017Change
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 Wales2017 to 2018
House--------------
First Quartile$445,165$498,085-10.6%$422,916$461,301-8.3%+$22,249
Median$532,814$740,444-28.0%$498,067$712,545-30.1%+$34,747
Third Quartile$653,014$1,171,986-44.3%$601,617$1,184,705-49.2%+$51,397
Unit--------------
First Quartile$292,995$485,261-39.6%$272,079$460,449-40.9%+$20,916
Median$354,405$676,368-47.6%$330,887$671,373-50.7%+$23,518
Third Quartile$439,427$890,202-50.6%$405,983$903,359-55.1%+$33,444

Source: Hometrack 2017-2018, 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 2017-2018, Housing Valuation System
Change in housing values, 2017 to 2018
Change in housing values, 2017 to 2018 Third Quartile, New South Wales: $-13,157 Median, New South Wales: $4,995 First Quartile, New South Wales: $24,812 Third Quartile, New South Wales: $-12,719 Median, New South Wales: $27,899 First Quartile, New South Wales: $36,784 Third Quartile, Coffs Harbour City: $33,444 Median, Coffs Harbour City: $23,518 First Quartile, Coffs Harbour City: $20,916 Third Quartile, Coffs Harbour City: $51,397 Median, Coffs Harbour City: $34,747 First Quartile, Coffs Harbour City: $22,249
Source: Hometrack 2017-2018, Housing Valuation System

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