Sapphire up there with the best of the best
IF YOU'RE the owner of a Sapphire Beach apartment, chances are you're sitting on a very tidy investment.
Sapphire Beach units have made CoreLogic RP Data's national Best of the Best list for price growth.
The list delves into the real estate data for 2014 to look at where the best-performing property markets were across the year.
Sapphire Beach was named second on the national list for the greatest 12-month change in median values.
The report found 12 units were sold across 2014 with a median value of $451,028. The result was a 40.1% increase.
The suburb also came in seventh for the greatest change in median prices over five years.
The Best of the Best report found while prices rose broadly throughout 2014, the rate of growth was tipped to slow in 2015.
However with prices already reaching soaring levels in Sydney, the report predicts areas such as Coffs Harbour may see some benefits.
"As buyers find it more difficult to enter the Sydney and Melbourne housing market we may see an increase in demand in New South Wales and Victorian regional markets," CoreLogic RP Data research analyst Cameron Kusher said.