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Hot property in curry capital

WOOLGOOLGA is the place to buy, with new figures showing the seaside village has the highest growth in house prices on the Coffs Coast.

The Residex figures, which are compiled using data from government departments and real estate agencies, show Woolgoolga is ranked 34 out of 1295 suburbs across NSW for growth, registering a 10.64 per cent increase in house prices.

That equates to a median price increase of $34,000 in the past 12 months.

Woolgoolga Real Estate owner, Cheryl Midavaine, said last year saw a lot of activity in the Woolgoolga market.

"November was a busy time with lots more sales, and although we are in a quiet patch there are still sales," Ms Midavaine said.

She said prices for houses in Woolgoolga range from $185,000 through to $1.4 million.

"We have a lot of people coming to the Northern Beaches for the seaside village atmosphere," she said.

"They work in Coffs Harbour but they live in Woolgoolga to escape that city feel, to have that lifestyle difference."

But if Woolgoolga's not your home, don't pack your bags just yet because all areas of the Coffs Coast have experienced growth.

Second on the list is Bellingen, with a median house price of $334,000 ranking the township number 54 for growth, while the third highest is Nambucca Heads with an increase of 8.52 per cent from 2006.

Houses in Coffs Harbour have increased in median value by $17,000, Dorrigo homes are worth $13,000 more and a house in Korora has a price tag $33,000 higher than in 2006.

The median prices for houses in Coramba, Sapphire, Sawtell and Boambee have all increased between $10,000 and $19,000.

However, there is bad news for unit owners in Nambucca Heads, Coffs Harbour, Sapphire and Sawtell, with Residex recording median price decreases of between $4000 and $9000 in the past 12 months.


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