No flood of enquiries but northern NSW attracting investors again
Low rental vacancy rates are producing robust rental yields and investors are returning, in the wake of costly floods, to some sections of the northern New South Wales coastal and river regions.
Towns along the northern New South Wales coast are enjoying mixed fortunes when it comes to the property market. (Image source: Shutterstock.com)
The Northern Rivers NSW region has had too much of a good thing.
Beautiful beaches and coastline plus three inland river systems ensure there are plenty of waterfront investment property opportunities, but floodwaters have created a $5 billion insurance bill that’s spoiled the view.
The region’s towns and cities of Ballina, Byron Bay, Casino, Grafton, Kyogle, Lennox Head, Lismore and Tweed Heads are also enduring the same labour and supply shor…
