Why now is a good time to invest in Coffs Harbour
The Stroud Homes Coffs Harbour team is finding themselves very busy lately, with an increasing demand from investors looking to build high quality duplex dwellings in the region.
According to Coffs’ Salesperson Tim Deans, a greater number of people aged 55-65+ are now looking to make the move from the hustle and bustle of the larger cities and settle down on the Coast.
“Our target market on the Coast has traditionally been younger families says Tim. Now, we’ve seen a shift in that market where more senior and retiring people are moving from Brisbane and Newcastle to enjoy the coastal lifestyle in high quality, low maintenance homes.”
“These people are used to live in nice, high-quality homes and want to continue to do so, but without having to spend hours maintaining the home.”
We chat to Tim about why people should invest in new homes on the Coffs Coast.
Coffs’ strategic position between two major capital cities on Australia’s east coast and strong economic and population growth is making the region attractive to investors and first home buyers alike.
The City Council’s strategic planning and environmental management, also make it one of the fastest growing and most dynamic areas within NSW. The current population of 75,000 is projected to grow to 96,000 by the year 2036.
A draw card for many, says Tim, will be the complete 14 kilometre Coffs Harbour bypass project, which seeks to improve connectivity, road transport efficiency and safety for local and interstate motorists.
The NSW Government has also committed $194 million to upgrade the Coffs Harbour Hospital, a redevelopment project that will enhance the existing surgical and operating theatres and add an expansion of community health.
“These developments are all draw cards for our new target market, the aging population and empty nesters, as they usually want to get away from the bigger cities but still with first class health care facilities and the ability to travel to see family.”
From Coffs’ regional airport you can fly directly to both Sydney and Melbourne.
Stroud’s duplex and dual living homes make for great investments whilst being beautiful and luxurious.
When building new dwellings, instead of buying an already existing home, you also save money on stamp duty, as you only pay stamp duty on the block of land you purchase, but not the dwelling itself.
You also get a brand-new home with all of the modern high quality products with warranties, and with Stroud Homes, we even add on guaranteed start and finish times.
“People want bang for their buck, and that’s what they’re getting with Stroud’s high quality duplex build,” says Tim.
“The quality of these builds is right in line with what this new target market is seeking – it’s a gold mine for investors.”
A duplex design consists of two fully separate dwellings that can ultimately be sold under separate titles.
Take a look at the many designs below and you’ll soon see that Stroud Homes designs and builds one of a kind duplex and dual living homes.
There’s plenty of land available now in the Coffs region, with a number of estates also waiting on release in the near future.