Northern NSW – Cabarita, Pottsville

I stayed at Pottsville recently and I noticed that there was a huge number of houses both for sale and also for rent.  I checked the back of API magazine and noticed that the growth in these areas has been ave 3% over the last 5 years which is low.  There is been negative growth over the last quarter. .  Rental yields are pretty poor too.   Perhaps there is an oversupply like its Norhern neighbour, the Gold Coast.  I think there are a lot better places to invest.  

Hi QM,

I grew up and live close by to these area's so feel that I know them pretty well. Certainly new estates have sprung up over the years but the reality is they are just small coastal villages and really lack any critical infrastructure. Basically the area has no reliable public transport, quite a distance from major shopping centre's or employment drivers. Presently plenty of properties on the market. Both places did fare quite well a few years back when a major road bypass was being built and the workers rented most available properties at good rental rates but that dipped back again once the project was complete. The closest police station is at Kingscliff and Pottsville suffers from some crime from unemployed youth.
Nice place to holiday but I would keep my investment dollars away. If you really like the Tweed Shire area then further inland is a town called Murwillumbah…..this has much better prospects you should research more.