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Article by By Michael Yardney

Why on earth would anybody buy a property that hasn’t been built yet?
Plenty of people do, you know. It’s called buying off the plan.

Coffs-real-estateWith our property markets starting to take off again, some investors are enticed to buy investment properties “off the plan” by the advertising hype of large stamp duty savings and cheap prices. They hope that by getting in today and settling on their properties down the track when the property markets have moved on they will make some money as values increase.

Does this mean that buying “off the plan” makes a good investment?
Well… like many other questions about real estate investing the answer is Continue Reading »

Units For Sale Coffs HarbourMany real estate investors see the benefits of Coffs Harbour. NSW Department of Housing figures show that the local residential property market is, in a word, steady.

“Sea Changers”, or Baby Boomers, and even young families escaping from capital cities for a better quality of life have been attracted to Coffs Harbour

Like most parts of the State, buyers are hunting for bargains that sometimes aren’t there … but vendors who have adjusted their price expectations are selling their properties without any trouble at all. Continue Reading »

Location

  • Coffs Coast is located on the East Coast of Australia, approximately halfway between Sydney and Brisbane.

  • Distance from Sydney 550km
  • Distance from Brisbane 430km
  • Population of Coffs Coast region: 95,000
  • Main towns are Coffs Harbour, Nambucca Heads, Bellingen and Dorrigo.

Climate
Coffs Coast has one of Australia’s most livable environments – a sub tropical climate that averages maximum 24 degrees and minimum 13 degrees.

  • SPRING Min 11 deg Max 25 deg,
  • SUMMER. Min 19 deg Max 26 deg,
  • AUTUMN. Min 12 deg Max 26 deg,
  • WINTER. Min 8 deg Max 20 deg.
  • Sea temperature summer av. 23 deg C, winter av. 18 deg .

Natural Areas

  • National parks and Reserves: 11 National Parks, 14 Nature Reserves, 2 Aboriginal Areas and 1 Regional Park
  • State Forests: 37
  • Beaches: 90 kilometres
  • World Heritage Area: 84,000 hectares
  • Solitary Islands Marine Park: 71,100 hectares
  • Maximum altitude of Great Dividing Range near Coffs Coast: 1584 metres

Coffs Harbour sits in a unique position where Continue Reading »

Units For Sale Coffs HarbourBuying a unit “off the plan” can be a daunting experience, whether it is for an investment property or as your main residence it is important to do your homework prior to making the commitment.

If, during your property research you decide to buy a property off the plan, there are a few considerations you need think about. More often than not it is investors who are buying off the plan, reason being there is the opportunity for capital gains and a there is also minimal upfront financial outlay.

Units For Sale Coffs HarbourAs an investor you will need to complete due diligence, buying off the plan means exactly that. You do not get to see the property before you buy, you are buying a property based on its architectural design.

First thing to consider is why you are purchasing the property, do you want to grow your wealth quickly or do you want an income? In some instances you can achieve both and this is dependant on your personal situation.

Research, research, research. Capital growth can only be achieved if there is demand, if people want to live in an area prices will rise. You need to analyse 6 key things to determine if the property you are considering will offer you a return:

- The location of the property, how close is it to the city CBD?
- Amenities, proximity to shopping centres, schools, hospitals, transport.
- Infrastructure often drives demand; these include roads, railways and shopping centres.
- Other developments in the area will affect your investment and not always in a positive way. If other developments are being built in the area this will reduce the demand.
- Demographics, what are the average rents, what properties demand higher rents?
- Price growth, obtain property reports to understand the growth of the area you’re looking at buying in.

Research the developer. Speak to tenants or owners of property the developer has previously built to see if everything was built to satisfaction and compliance. Check that the size and specifications are stated exactly, this includes the finer details such as the model numbers of bathroom fixtures, right up to the size of the rooms and overall floorspace.

It is also important to research the architect’s reputation, are they a well know, reputable designer? Often a good design will help to increase your rental returns.

Once you’ve made the decision to buy off the plan have a qualified legal practioner review your contract. Ensure it includes a Sunset Clause, which states that if a developer does not finish the development by a set date, you have the right to terminate the contract without penalities.

Source: Your Investment Property

The Centre of Coffs Harbour is City Square on Harbour Drive, previously called High St. The City Square features outdoor eating areas and the newly renovated Palms shopping centre.

Real estate in this area is generally units and older houses with the advantage of being within easy walking distance to the central shops. Good value for investors and buyers looking Continue Reading »

Coffs Harbour is a major coastal resort town which is especially famous for its banana industry, fishing, surfing, whale watching, pristine beaches and rainforest.

Located on the holiday coast about 570kms north of Sydney and 350kms south of Brisbane, the region has a steadily growing population of over 60,000 people that swells to over 100,000 in the holiday season.

A number of celebrities have chosen this area as their home. Coffs Harbour is currently the training ground for The Australian Rugby Union team, ‘The Wallabies’ and renowned actor Russell Crowe lives nearby in the picturesque township of Nana Glen.

Transport
Driving time from Sydney is about 6 � hours and from Brisbane about 5 hours along the newly upgraded Pacific Highway.

There are multiple flights per day by QantasLink, VirginBlue and Regional Express from Coffs Harbour to Sydney, Brisbane and Newcastle. Flight times to Sydney and Brisbane are approximately 1 hour.

Regular daily Countrylink train and bus connections to and from Coffs Harbour are also available.

Located approximately midway between Sydney and Brisbane, Coffs Harbour is a medium size coastal city with a fantastic range of facilities. Coffs has a great range of restaurants and Cafes…. many of which are located on “The Jetty Strip” with a tantalising choice of food to tempt your tastebuds.

Many of the pubs and clubs here have been extensively renovated in the last few years with the Coast Hotel, Plantation Hotel and Coffs Hotel all undergoing major facelifts in recent times.

Coffs Harbour has a multi cinema complex, ice skating rink, indoor ski slope, several golf courses including Bonville International, an International Sports Ground (the Wallabies train here). Live theatre with regular shows.

The Pet Porpoise Pool is a great alternative to Seaworld for those keen on marine life, you can actually get right up to the dolphins.

Coffs Harbour also has a large Marina, and great calmwater sailing within the semi enclosed harbour. Offshore is a marine park with fantastic diving (solitary islands marine park).

Many people “experience” Coffs Harbour by simply driving through the middle of town following the Pacific HWY, drive past the Big Banana and then zoom out of town, however if you get off the main track there is certainly plenty to see and do.

There are also several quaint little villages to check out within an hour either side of the city, places like Bellingen and Dorrigo are well worth a drive and make a great day out.

Many of the main chain stores are here….. Big W (2), Target, Harvey Norman, The Good Guys, Super Amart, Amart All sports, Morrisons, Strathfield, Aldi, Officeworks, WOW, plus your usual big supermarkets. The city is large enough to support 2 major shopping areas whilst retaining a community atmosphere.

Coffs Harbour is on the rail service network and also has an airport with regular Jet services (Virgin) to Sydney and Brisbane etc.

The weather is temperate to subtropical. Winter days rarely get below 15 degrees C and summers are balmy enabling you to take full advantage of the beautiful beaches year round.

If you don’t already live here, consider making a trip to the city to investigate what it has to offer and consider investing in Coffs Harbour Real Estate.

Coffs Harbour is a large regional centre on the North Coast of New South Wales famous as the home of ‘The Big Banana’.

A major coastal resort town, Coffs Harbour is also noted for its fishing. It is beautifully located where the mountains tumble down to the sea, 558 km north-east of Sydney and 3 metres above sea-level.

Although bigger than most NSW coastal towns (its population is now over 65 000), it is typically occupied by retirees seeking the warm north of the state and by holiday-makers eager to enjoy themselves and spend some money.

The appearance of Coffs Harbour has not been enhanced by the emergence of high-rise units which remind one of suburban Sydney rather than a holiday resort. Nonetheless, it has a kind of glorious subtropical laziness attached to it while at the same time wanting to be considered a thriving city.

It is thought that the Gumbaingirr Aborigines lived in the area prior to 1788. It is said that the first Europeans in the area were convict escapees who took refuge on offshore Muttonbird Island in 1791. Timbergetters began to open up the Bellinger Valley from 1841.

Coffs Harbour was named Korff’s Harbour’ by John Korff, a naval architect and shipbuilder who took shelter in the bay during a gale in 1847. The modification of the name occurred in 1861 when the town site was reserved.

Cedar-getting was the economic mainstay in the early years, although some agriculture developed with the gradual clearing of the land. The dangers entailed in navigating the natural harbour were evident with the sinking of the Carrywell in 1865, leading to a boycott of the harbour by ships’ captains until a lighthouse was built in 1878.

The area was opened up for selection from 1863 although there was little settlement until 1880. As the river flats were very fertile, higher prices were asked for blocks which initially slowed development although the land along the flats had all been taken up by the early 1890s.

The first school opened in 1885 and a town was proclaimed and laid out in 1886. It was given the official name of Brelsford but this title did not take. Tentative forays into fruit, dairying, goldmining and sugarcane had been made by that time. Sugar mills developed in the area but frosts, low prices and transportation difficulties had virtually killed the industry by the end of the century.

Transportation also held the timber industry back until 1892 when a jetty was completed. The construction of an access road had provided employment during the 1880s and the conjunction of these infrasructural advances saw the timber industry begin to thrive.

A number of mills opened and, at its peak, 4.5 million metres of timber a year were shipped from Coffs Harbour. Inevitably, such plunder led to a shortage of resources and the decline of the industry in the 1920s.

Gold mining took place between 1881 and 1898 but much of the gold was only on the surface and the hardness of the sandstone created additional difficulties. Though some ventures were prosperous, all were short-lived. However, they did draw prospectors, some of whom settled in the area as farmers.

Meanwhile south coast dairy farmers began to settle in the area. A butter factory opened in 1910, although the degradation of pasturage and a switch to bananas saw the industry shrink after World War II.

The railway arrived in 1915, causing a decline in shipping (the harbour had been an important outlet for local produce) but an increase in tourism which had commenced with the development of the first access road in 1884.

Another side effect of the railway’s construction (and simultaneous work on the harbour) was the development of the banana industry. The first bananas were introduced into the area from Fiji in 1881, but it was the hungry mouths of 1500 workers and their families which provided a fillip to the industry.

The railway link with Sydney was completed in 1923, adding further stimulus to local farming and, when disease wiped out the banana plantations further north in the late 1920s, Coffs Harbour became the country’s major centre of production.

Improved access by road, rail and air in subsequent years saw the expansion of the tourism industry. Today Coffs Harbour is one of the major tourist destinations in the state outside of Sydney.

Consequently the population rises dramatically in summer.

The harbour became the base of a large fishing fleet in the 1970s which is still very active. Tourism, bananas, fishing, timber and engineering now constitute the mainstays of the local economy.

In recent years, seaside estates have been developed along 30 km of local coastline. The two somewhat separate town areas (that along the highway and that by the jetty) have been fused by recent urban growth

Units For Sale Coffs HarbourPeople buy real estate in Coffs Harbour because of its idyllic location and climate. It is recorded to have one of the best climatic conditions in Australia.

Coffs Harbour is ideally situated mid-way between Sydney and Brisbane on the east coast of Australia. It is accessible to Australia’s major cities by regular air and rail services, and the East Coast Pacific Highway.

“Coffs” has a variety of surf beaches and together with the sub-tropical rainforests in the surrounding hills, provides the ideal location for its residents and holiday makers alike.

Coffs Harbour has the largest shopping centre on the north coast, the Southern Cross University and a Local TAFE, five star resorts and accommodation, quality golf courses including the B.I.G (Bonnville International Golf) Country Club along with many other major sporting clubs and facilities.