Suburb Review: Coalcliff, NSW

Introduction to Coalcliff

Coalcliff, a hidden gem along the Illawarra coastline in New South Wales, is a small, tightly held suburb known for its dramatic ocean views, rugged cliffs, and serene beachfront. With just over 200 residents, Coalcliff offers an exclusive, tranquil lifestyle while being only a short drive from larger towns like Wollongong and Thirroul. The suburb is a haven for nature lovers, surfers, and those seeking a peaceful retreat away from the hustle and bustle of city life.

December Market Trends

December 2024 saw steady activity in Coalcliff's property market, with median property prices holding firm despite broader economic fluctuations. The suburb's limited housing stock and high demand from lifestyle buyers ensured a competitive market. Coastal properties, in particular, remained highly sought after, with buyers drawn to the area's natural beauty and relaxed atmosphere.

Sales Data

Total Properties Sold

• Number of properties sold: 5

Sales by Property Type

• Houses: 4

• Apartments: 1

Median Sale Prices

• Houses: $2,400,000

• Apartments: $1,100,000

Notable Sales

• A cliff-top property with panoramic ocean views sold for $3,200,000, reflecting the premium buyers are willing to pay for unique locations.

• A renovated 4-bedroom house on Lawrence Hargrave Drive fetched $2,800,000, showcasing the demand for modern, move-in-ready homes.

Sales Volume by Property Type (December 2024)

Property Type	Number of Sales
Houses	4
Apartments	1

Rental Market Insights

Median Weekly Rent

• Houses: $1,200

• Apartments: $800

Vacancy Rates

• Vacancy rates remained extremely low at 0.8%, highlighting the suburb's desirability and limited rental stock.

Rental Demand and Tenant Profiles

• The rental market in Coalcliff is driven by professionals and retirees seeking a tranquil coastal lifestyle.

• High demand for short-term holiday rentals during summer has also influenced the market.

Rental Yield Comparisons

Property Type	Median Sale Price	Median Weekly Rent	Annual Rental Yield
Houses	$2,400,000	$1,200	2.60%
Apartments	$1,100,000	$800	3.78%

Buyer Trends

Key Demographics

• Retirees and empty nesters looking for a peaceful coastal retreat.

• Professionals working remotely who value a serene environment.

• Investors targeting high-end holiday rentals.

Buyer Preferences

• Properties with ocean views or direct beach access are in high demand.

• Modern, low-maintenance homes with energy-efficient features.

• Strong interest in properties with outdoor entertaining spaces to take advantage of the coastal climate.

Median Property Price Trends (Last 6 Months)

Month	Median House Price	Median Unit Price
July 2024	$2,450,000	$1,150,000
August 2024	$2,430,000	$1,140,000
September 2024	$2,420,000	$1,130,000
October 2024	$2,410,000	$1,120,000
November 2024	$2,400,000	$1,110,000
December 2024	$2,400,000	$1,100,000

Market Influencers

Economic and Seasonal Factors

• Rising interest rates have had a minimal impact on Coalcliff's high-end market, as buyers in this segment are less sensitive to financing costs.

• The holiday season saw increased activity from lifestyle buyers and investors looking for holiday rental opportunities.

Local Developments

• Upgrades to Lawrence Hargrave Drive have improved accessibility to the suburb, making it more attractive to buyers.

• The growing popularity of nearby Thirroul and Wollongong has had a spillover effect, increasing interest in Coalcliff.

Outlook for the Coming Months

Market Predictions

• Continued strong demand for premium properties, particularly ocean views or beach access.

• Limited housing stock will keep prices stable, with potential for growth in the luxury segment.

Opportunities

• Buyers: Securing a property in Coalcliff offers a rare opportunity to own a piece of one of NSW's most exclusive coastal suburbs.

• Investors: High rental yields and strong demand for holiday rentals make Coalcliff an attractive option.

• Renters: Limited rental stock means competition will remain high, so acting quickly is essential.

Conclusion

Coalcliff is a unique coastal suburb that offers an unparalleled lifestyle for those seeking tranquillity, natural beauty, and exclusivity. With its strong property market, low vacancy rates, and high demand from buyers and renters, Coalcliff remains a standout choice in the Illawarra region.

Interested in buying or renting in Coalcliff? Contact us today for expert advice and tailored property recommendations. Or, share your thoughts in the comments below—what do you love most about Coalcliff?