Good day..Central Coast homeowners and property enthusiasts! 🏡✨ As your dedicated local real estate agent, I’m thrilled to provide an exclusive mid-year review of the latest trends shaping the real estate landscape on the Central Coast in NSW. From record property prices to the suburbs that stole the spotlight, let’s dive into the numbers and graphs that tell the story of our dynamic market from July 2023 to December 2023.
1. The Steadiness in Property Prices:
The Central Coast has seen a very steady increase in property prices, reflecting the region’s desirability and the current median house price on the Central Coast is $1,070,000 compared to Sydney which is $1,810,000. This is in contrast to the previous 12 months where rising interest rates saw house prices fall. Once the interest rates remained the same for a few months we saw more confidence in the property market.
Key Insights:
- Median property prices have experienced a steady increase.
- The market remains relatively strong, driven by factors such as lifestyle appeal and demand for coastal living.
2. Highest Sale Price Achieved:
Let’s celebrate a noteworthy achievement in the local real estate scene. The highest sale price in the region has set a new benchmark. Feast your eyes on the remarkable figure below:
Top 3 Highest Sale Prices in Central Coast – July 2023 to Dec 2023
| Rank | Suburb | Property Type | Sale Price (AUD) |
| 1 | Pearl Beach | House | $12,250,000 |
| 2 | Wamberal | Acreage | $6,350,000 |
| 3 | Point Frederick | House | $5,750,000 |
Key Insights:
- The Central Coast continues to attract high-value property transactions.
- Diverse property types contribute to the region’s robust real estate market.
3. Suburb Spotlight:
Curious about which suburb took the lead in terms of the highest total value of homes sold in the last 6 months? Let’s uncover the suburb that stole the show:
Key Insights:
- Terrigal ($195,384,792) emerges as the top performer in total value sold.
- Factors such as a beautiful fishing harbour, stunning coastal walks, an abundance of restaraunts, cafes and nightlife, and one of the most picturesque beaches around all contribute to it’s popularity.
Conclusion:
With the evolving landscape of work flexibility and the ever-growing Sydney population, the last 6 months has seen homebuyers continue to seek alternatives beyond the bustling Sydney property market. The Central Coast continues to be beacon for those desiring a balance of affordability, lifestyle perks, and proximity to the city.
One striking advantage for potential buyers is the substantial price difference between houses and apartments in the Central Coast compared to Sydney. With a 34% difference in average house prices and a 49% difference in apartment prices buyers can stretch their budget and get more value for their investment.
The appeal extends beyond potential homeowners; investors are also eyeing the Central Coast with enthusiasm. Consistent growth in sought-after areas like Gosford, The Entrance, and Morisset means that investors have the opportunity to enter the market at a point equivalent to where Sydney’s property market stood a decade or more ago.
It’s not just a real estate move; it’s a lifestyle upgrade with a side of smart investment. The Central Coast is proving to be the perfect blend of coastal serenity and city accessibility, offering a unique opportunity for those ready to embrace a new chapter.