UPDATE | Narara Keeps GROWING | July 23rd, 2025

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-narara-michael-daniels/

Narara's many attributes continue to bear fruit in the form of rising house prices. Unlike many other Central Coast suburbs, Narara has surpassed the 5% growth milestone, achieving a growth rate of 7.40%.
The median weekly rent of $650 has shown less growth (2.4%), which is surprisingly low given that 529 potential renters were interested in only 15 available houses last month. 20% of Narara houses are rented, which is well below the national average of 36%, meaning this is likely to be a more stable market as owner-occupiers tend toward longer tenure.
Over the last year, 113 Narara houses were sold, which represents only 4.1% of the total number of houses in the area. If this result were to occur consistently, houses would only turn over every 24 years, which is a remarkably long tenure.
Many of our long-term Narara clients now hold substantial amounts of equity, a result of the significant capital growth we have seen over the last decade.
Mortgage Choice in Narara's most common equity release purposes are for home improvements, followed by granny flats, and then deposits on a second property.
If you would like to talk with us about your property and mortgage plans, please call us at Mortgage Choice Central Coast or email us at michael.daniels@mortgagechoice.com.au or
philip.cooper@mortgagechoice.com.au.



Popular posts from this blog

Your Central Coast Suburbs 10-Year Growth | July 12th, 2025

Image
At   Mortgage Choice Central Coast , located at 200 Central Coast Hwy, Erina, we’ve been diligently tracking median house prices for 47 suburbs over the past 10 years (love our spreadsheets). When we started, we recognised the Central Coast was somewhat undervalued, but the growth we’ve witnessed has been remarkable. House Price Trends Over 10 Years Across these suburbs, we’ve seen a combined growth rate of 109.32%. Hamlyn Terrace, the least performer, still achieved an 80.20% increase, likely due to higher prices for new homes in 2015. Copacabana, on the other hand, led with an impressive 160.23% growth, with its median house price rising from $660,000 a decade ago. What’s Ahead for Central Coast Property While these figures are compelling, many of us are more curious about where the market is headed. We expect continued demand for free-standing homes, driven by limited supply. Our recent data shows the Central Coast’s population growing at a third of Sydney’s rate and half of New...
Read more

Central Coast median house price rises for 6th consecutive month

Image
  UPDATE | 10/06/2025 | Central Coast Median House price rises for 6th consecutive month The median house price on the Central Coast for May 2025 is $1,044,750. Exactly 10 years ago, the median house price was $499,250. Will the median house price double again in 10 years?  I would have answered no to that question in 2015, but a combination of general inflation, rising wages and accommodating lending policies (especially during COVID-19) drove the median through the roof. In fact, between mid-2020 and mid-2022, our median rose by 61% from $650,000 to $1,050,000.  Fortunately, this median dropped by $100,000 over the following 12 months; however, we are now only $6,000 away from the COVID-19-induced peak. This has been a devastating change for our first home buyers, and predictions of further variable interest rate cuts will likely accelerate house price growth.  If you know a potential first-home buyer who would like a maximum purchase price estimate (no obligation)...
Read more

Tumbi Umbi Median House Price | 20/06/2025

Image
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
Read more