Record price for Coffs Coast home
COFFS Harbour recorded its highest-ever residential sale this week when Nooryinya and two adjoining properties were jointly sold for $11.5 million.
The primary residence, Noorinya, was listed for sale in July for $8,750,000.
And the two adjoining properties were also listed in early July, for $1,750,000 and $1,650,000.
The Coffs Coast Advocate exclusively revealed the Sapphire Beach property was on the market last month.
Marketing agent Barry Booth of LJ Hooker Coffs Harbour sees the sale as a milestone achievement for Coffs Harbour.
“For many years we have been marketing the attributes of our region and competing with areas such as Byron Bay, Noosa and Port Douglas.” he said.
“In these more-established niche markets a property like Noorinya would command in excess of $20 million.”
The vendors, Jaybe and Shelly Ammons, completed Noorinya in 2001 and over the years acquired four adjoining properties and built two additional headland homes.
According to RP Data, Sapphire Beach has an annual median house price of $510,000.00 for 2008, up two per cent on the previous year.
By comparison, the Mid North Coast generally has a median house price of $374,197.00, which is up 5.6 per cent for the year.