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Thanks Knightm for your comprehensive post and link. You obviously have a great understanding of your local area.

Certainly wasn't meaning to offend. Was just genuinely curious as to what properties were being purchased and for what reasons, as I reside on the North coast in a similar coastal environment.

So am I to take it that the investors are purchasing holiday rentals as opposed to full time rentals? If so, I don't think the climate lends itself to well to this strategy. Nice over the Xmas holidays, but the remainder of the year......?

Thanks for those chilliblue. Do you feel these numbers would have increased considerably since then, and if so, why?

The ex-Sydney siders would be retirees I suspect, so are not looking for employment opportunities. The upgrades to infrastructure, primarily roads no doubt has been positive for the area. Are young families moving to the area and if so, what industries are they finding employment in?

What do you see as the driving force/forces behind the increases?