Central Coast Property News

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-central-coast-michael-daniels/ Author: Michael Daniels The recent changes to the  First Home Buyer Guarantee Scheme  have resulted in our office receiving a large number of calls from people looking to buy their first home. At least 80% of these calls are from individuals seeking to purchase a house rather than a unit. The affordability test can sometimes change those plans, but I encourage people to view home ownership as a stepping-stone process.  Almost every person, for good reason, is worried about rising prices now that interest rates have reduced. Mortgage Choice Central Coast  has prepared a table to help answer some of your questions. We have ranked the 47 suburbs from the most affordable to the most expensive, based on their median house prices. We have also shown you the last 6 months to help you identify which direction your target suburb is trending. We can generally p...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-woy-woy-michael-daniels/ As demand for affordable dwellings begins to ramp up under the new  First Home Buyer Guarantee Scheme  rules, we thought it would be a good time to take a look at the 2-bedroom unit market in Woy Woy, Umina Beach and Ettalong Beach. Mortgage Choice Central Coast  has seen a significant increase in  first home buyers  arranging home loan pre-approvals, so the race is well and truly on. Woy Woy is the standout from an affordability perspective, with the median 2-bedroom unit price $102,500 cheaper than Umina and $165,000 lower than Ettalong. Low prices are good for first-home buyers, but they will likely face some competition. Woy Woy also stands out as an attractive option for investors, with the highest rental yield in our comparison. The median unit price for Woy Woy's 2-bedroom units increased by only 2.50%, but the median weekly rent rose by 7.6%, result...

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