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Woy Woy 3-bedrooms VS 4-bedrooms | June 30th, 2025

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https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-woy-woy-michael-daniels/ We came across this unusual Woy Woy statistic and decided to delve a little deeper. The statistic in question was the small difference between the median house price of 3-bedroom and 4-bedroom houses in Woy Woy, $955,000 and $1,010,000, respectively. The median house price for 4-bedroom houses in Woy Woy is $1,010,000, and the median annual rent is $41,600, which yields a 4.12% p.a. return. The median house price for 3-bedroom houses in Woy Woy is $955,000, and the median annual rent is $33,800, which yields a 3.54% p.a. return on investment. As a mortgage broker, I typically use rental yield as a key measure to help my clients estimate whether a house is over- or under-priced. Given that the overall Central Coast median house rental yield is currently around 2.9%, a 4.12% return potentially indicates that the current 4-bedroom houses are undervalued. Please feel free to contact m...
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Bateau Bay House Sale Results (3 months) | June 30th, 2025

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https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-bateau-bay-michael-daniels/ We have created a table showing the sale price of every disclosed Bateau Bay house over the last 3 months. This table also displays the sale price per square meter, which is often a good indicator of whether a house has sold above or below the market value. Bateau Bay is a very large suburb. It is the second largest on the Central Coast, behind Umina Beach, in terms of the number of houses. This means the range of property types is vast, so it is essential to look beyond this data and make your judgements about the relative merits of each property. We make a daily effort to provide valuable market information that helps all of us make better decisions. This table also includes the Real Estate Agency that facilitated each sale, which can help us to understand better who is performing well for sellers. If you would like a map of these sales, please email Michael Daniels from Mort...
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Green Point House Sales (6 months) | 28/06/2025

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According to realestate.com.au, the Green Point median house price for the year ending 30/05/25 is $1,260,000. While it is beneficial to monitor this data point, it is more effective to examine the specific property sale results. We have provided the disclosed Green Point house sale prices for the last six months, starting from December 28, 2024. We have ranked the sales by the land size (m2). You will also note that we have included the price per square meter. This can be a good way to analyse results, especially when choosing a Real Estate Agent to sell your home. The best way to compare this data is by examining similarly sized properties with similar numbers of bedrooms and bathrooms. Please call us if you would like a property valuation. We subscribe to CoreLogic, which can offer some unique insights.
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Kariong House Owners should be Optimistic | 26/06/2025

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Kariong's residential housing market comprises a total of 2,255 dwellings, of which 2,066 are fully detached houses, making it one of the lowest-density suburbs on the Central Coast. This partially explains the very low turnover rate. Only 82 Kariong houses sold in the year ending 31/03/25, meaning houses sell, on average, every 25.19 years. This is a family formation suburb with backyards and high employment levels (many commute to Sydney & Newcastle). Bank risk analysts will always prefer areas with consistently low unemployment rates, such as Kariong, as this economic factor plays an integral role in stabilising property values, particularly in tough times. As you can see from the chart below, Kariong was not immune to the effects of the COVID-19 interest rate stimulus package. Prices skyrocketed by 15%, 26% & 11.60% over three consecutive years. Over the following three years, like much of the Central Coast, prices have stabilised, especially when considering the high l...
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Mortgage Repayments in Umina Beach | 25/06/2025

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Umina Beach stands out as a more affordable housing option, with around 55% of households in lower repayment quartiles—ideal for families or individuals seeking budget-friendly solutions compared to Sydney. The Central Coast, by comparison, has 35% of households in the highest repayment group, indicating the large number of pricier acreage and waterfront properties. Housing loan repayments in Umina Beach have increased significantly since 2001, with the upper limit of the lowest quartile rising from $723 to $1,361—an 88% increase. The medium-lowest quartile has more than doubled, increasing from $724 to $1,069 to $1,362 to $2,123, illustrating the growth in loan sizes over time. Medium-highest repayments have soared from $1,070-$1,550 to $2,124-$3,203, up over 106%, which can strain household budgets. Keep in mind that this was measured in 2021, when interest rates were near 2%. Our best variable interest rates currently stand at around 5.64%. The minimum of the highest quartile has mo...
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Employment is the key to Killarney Vale Property Prosperity | 24/06/2025

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One of the most important economic indicators from a bank's perspective is a market's employment profile. High unemployment leads to high delinquencies, low housing demand and higher levels of distressed selling. All of this feeds into lower property prices and higher risk from a bank's perspective. For this reason, it is beneficial for all property owners to closely monitor employment trends, as banks' concerns should also be a concern for investors. The good news for Killarney Vale is that its unemployment rate remains low, and the industry's employment diversification is relatively stable. The table below illustrates the diverse range of employment industries represented by residents of Killarney Vale. The census data for Killarney Vale-Tumbi Umbi from 2016 to 2021 shows a total of employed persons aged 15 and above increasing from 5,241 to 5,566 (+325). The biggest growth sectors include Health Care and Social Assistance, which rose from 773 to 998 (+225, a 17.8...
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Central Coast Rental Yield | 23/06/2025

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The latest Central Coast rental yield results have been released by SQM Research, and the gap between Units and Houses is growing. We have long argued at Mortgage Choice Central Coast that rental yield is a strong indicator of house price value. Low % rental yields can be an indicator of over-inflated value, especially when rental property vacancy rates are low (indicating demand for rentals is high relative to available stock). The current Central Coast rental vacancy rate is rising, but remains relatively low at 1%. As you can see from the charts below, the median Central Coast rental yields for houses and units are 2.9% and 4.7%, respectively. This gap is large by historical standards. Median house rental yields have been gradually reducing since 2016, when yields exceeded 4%. Median unit rental yields have been remarkably stable, with yields at the same level as in 2016. Interestingly, a comparison with the Newcastle/Hunter median rental yield for houses reveals a significantly hig...
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Tumbi Umbi Median House Price | 20/06/2025

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Tumbi Umbi's median house price has reached its prior peak, which was achieved during the COVID-19 stimulus program. $1,070,000 sets a new record for Tumbi Umbi. As median house prices have grown by 34% over the last 5 years, median house rents have risen by 55%, to $630 per week. Interestingly, the median rent recently fell from a peak of $725 per week in December 2024, which is undoubtedly welcome relief for tenants.  According to the realestate.com.au results, 3-bedroom rental yields are 3.01% p.a ($630 per week x 52 weeks = $32,670)  and  4-bedroom rental yields are 3.76% ($800 per week x 52 weeks = $41,600), despite 4-bedroom median house prices being $280,000 higher than the 3-bedroom median house price of $825,000. As always, if you would like to discuss your property plans, please call us, your Mortgage Choice Tumbi Umbi experts, Michael Daniels or Philip Cooper. Mortgage Choice Tumbi Umbi
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Central Coast growth rate, Winners & Winners | 19/06/2025

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We have just ranked the 47 largest Central Coast suburbs by their median house price growth over the last five years, from May 2020 to the present. The Average growth rate was 37.71%, which is an extraordinary result. The suburb closest to this average is Umina Beach, which might be the Coast's bellweather suburb to watch. Most of these results are probably not a big surprise to locals. Here is my take on some of the results: Copacabana, our growth winner, with a result of 49.78%, has probably benefited more than any other location from the Sydney Laptop migration. As more high-end, professional roles permitted work-from-home arrangements, many Sydney siders chose to live in paradise. Long Jetty is a textbook case in Urban renewal. The Cafe and restaurant culture created more lifestyle buyers (Demand) in a market with very little development (Supply). Gwandalan was a sleeper, in my opinion. First home buyers have been price-pushed North, and Gwandalan has been a beneficiary. Watch ...
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Bateau Bay Property Statistics - 17/06/2025

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Bateau Bay is one of the biggest housing suburbs on the Central Coast, and it has been an impressive performer. We have summarised the market performance results for Bateau Bay from various sources below. Please give me a call if you'd like to discuss your Bateau Bay property plans. The best place to start is with a mortgage pre-approval.
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