Affordable Coffs Harbour stock on investors' radars
RESEARCH conducted by PRD nationwide has found that Coffs Harbour is in line to produce high-yielding properties coming into next year.
Part of the study found that there was a 12% increase in housing transactions in the first half of 2013, as opposed to the same period in 2012.
PRDnationwide research analyst, Oded Reuveni-Etzioni said that mid-range priced houses were the big mover in the first six months of the year.
"Investors are picking through the stock to find properties that can provide positive cash flow in the short term and offer strong capital growth over an extended period," Mr Reuveni-Etzioni said.
"In the six months to June this year, we've seen dwellings priced between $300,000 and $399,999 on the move, whilst sales transactions at more expensive price points remain stagnant or in decline," he said.
The trend for budget housing is increasingly seen as a solid investment, according to Etzioni.
"There is no doubt the appetite is for cheaper accommodation that can deliver an immediate return on investment."