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 the northern areas further west for the next wave of first-home buyer booms.Terrigal has long benefited from Sydney's migration, and Covid-19 has accelerated this trend. A premium suburb with Beaches, Schools, and Erina Fair has contributed to the solid demand.realestate.com.au ranked Green Point as the most searched Central Coast suburb by Sydney people. This is possibly due to the "nearest suburb" feature on property search engines when searching for properties in Terrigal and Avoca. Proximity to the beach, Erina Fair and the Freeway make it an excellent compromise compared to its more expensive neighbours.Please call Mortgage Broker Central Coast - Michael Daniels or Philip Cooper to discuss your property plans.