Best NSW North Coast markets for investors seeking “healthy and rare” rental yields


New South Wales’ North Coast region shelters some of the markets with the most attractive rental yields for property investors, according to new findings.

New South Wales’ North Coast area shelters a few of the markets with probably the most engaging rental yields for property investors, in line with new findings.

A brand new examine by patrons’ company InvestorKit has unveiled eight markets in NSW North Coast that possess robust market fundamentals for investors.

These embody Gosford, Wyong, Lake Macquarie – East, Newcastle, Port Stephens, Port Macquarie, Coffs Harbour, and Richmond Valley – Coastal.

According to the examine, these areas are below stress, as indicators present tight circumstances surrounding the demand and provide.

InvestorKit head of analysis Arjun Paliwal mentioned the entire NSW North Coast seems to be in a property increase, with its home costs rising by no less than 10% over the previous 15 months.

“Property market stress for the NSW northern coastal markets is at present a few of the highest within the nation,” Mr Paliwal mentioned.

“This is good news for those already in the market but problematic for prospective buyers due to the extremely high competition.”

“Investors can count on a wholesome gross rental yield for many of the coastal cities of round 4 per cent, however it will fall nearer to the foremost hubs of Sydney,” Mr Paliwal mentioned.

Mr Paliwal mentioned there are a number of components contributing to the market stress within the NSW North Coast area.

These embody the low interest-rate atmosphere, better entry to credit score, a robust native job market, and altering life-style preferences that encourage Australians to look past the capital cities.

“We count on that market stress over the subsequent 12 months will stay intense, gross sales and rental pricing will proceed to surge, and the North Coast areas will proceed to outperform our capital cities over 2022,” he mentioned.

Best NSW North Coast markets for investors

According to InvestorKit, these are the eight finest markets within the NSW North Coast for investors.

Most of those markets have rental yields hovering round 3.5%.

Take word the median costs said for every market are from the most recent information accessible from the sources enclosed in parentheses.

Gosford – $790,000 (

Gosford recorded an 18.4% development in median housing value over the previous 12 months.

While new listings declined on this market, gross sales quantity continued to develop since June.

Demand for rental property additionally remained excessive, with the common variety of month-to-month listings down 28.7% over the previous 12 months.

Gosford’s rental yield is at round 3.5%.

Wyong – $725,000 (

Wyong recorded a 16.7% acquire in median costs over the previous 12 months whereas reporting a 40.3% discount within the common variety of days for sale out there.

Wyong’s rental emptiness price is at 0.3%, indicating a “rental crisis”. The tight rental circumstances on this market have led to an increase in median rents.

This market has a rental yield of three.5%.

Newcastle – $1.38m (

Newcastle’s median property value elevated by 15.3% on the 12-month interval.

Over the identical interval, month-to-month rental listings within the area declined by 21%, making Newcastle a high-pressure rental market.

Port Stephens – $800,000 (PRD Real Estate)

The median value in Port Stephens has elevated by 10.7% over the previous 12 months, as properties remained listed out there 40% shorter than final 12 months.

Lake Macquarie – East – $675,000 (Real Estate Investar)

Since the second quarter of 2020, the median value in Lake Macquarie – East has been rising strongly.

In reality, it reported a 13.7% enhance in costs over the previous 12 months.

The demand for rental properties on this market has additionally been robust, with itemizing days reducing by a 3rd.

Port Macquarie – $703,500 (

Of all of the markets on this checklist, Port Macquarie registered the bottom median value acquire at 10.2%.

Listings on this market have been on the decline since June 2020, taking place by 35% on common each month.

Still, it has one of many highest rental yields at 4%.

Coffs Harbour – $660,000 (

Coffs Harbour reported one of many highest median value beneficial properties of all markets on this checklist at 21%.

Its rental market additionally exhibits indicators of elevated competitors, as listings declined by 31.8% over the previous 12 months.

Rental yields in Coffs Harbour are anticipated to succeed in 4%, which is “uncommon” for a coastal location.

Richmond Valley – Coastal – $389,000 (Real Estate Investar)

Richmond Valley – Coastal, which incorporates Ballina, Brunswick Heads, Byron, Bangalow, Woodburn, and Evans Head, took the lead when it comes to value development.

Over the previous 12 months, the median value on this market grew by 27.3%.

Listings in Richmond Valley – Coastal continued to be on a decline.

On the opposite hand, month-to-month gross sales volumes remained on an uptrend since mid-2020, and not too long ago hit a peak in July 2021.

Rental listings on this market additionally went down over the previous 12 months by 37.1%.

Photo by Prescott Horn on Unsplash.


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