Central Coast Property News

Author: Michael Daniels https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-narara-michael-daniels/ We recently wrote about Narara's median house price breaching the $1 million mark. This table illustrates how much of that growth was generated over the last 3 years. Narara's 15.40% growth rate over 3 years translates into a $134,750 improvement, averaging $863 per week. To put that into perspective, Narara's median weekly rent is $670. If you were an investor, you would have generated a combined capital and income return of $1,533 per week. Every time we see significant growth in a market, we need to ask ourselves if the good buying opportunity has passed us by. One of the best ways to verify asset value is by checking its income-generating capacity. In housing, this is known as the rental yield rate. Narara's median rental yield is currently sitting at 4% for 3-bedroom houses and 4.1% for 4-bedroom houses. According to SQM Research, the Ce...

Author: Michael Daniels https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-wyoming-michael-daniels/ Wyoming's Median House price grew by 3.9% last year and currently sits at $915,000. Exactly two years ago, the median house price was $775,000, which is an average WEEKLY increase of $1,346. The 3-bedroom Median House Price is $871,000, and the 4-bedroom Median House Price is $954,000. Wyoming has 1,281 3-bedroom houses and 840 4-bedroom houses, so the former group has roughly a 50% larger impact on the median. Investment property analysts will unanimously list "proximity to jobs" as a key feature for property price stability. Higher unemployment is the greatest threat to price growth and the metric that banks fear the most. Wyoming's proximity to the rapidly improving Gosford Business District, West Gosford's industrial park and the train line to Sydney jobs makes it a stable, affordable housing market. Renters occupy 27% of Wyoming...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-kariong-michael-daniels/ Author: Michael Daniels Kariong’s Median House Price Trends As a Mortgage Choice Mortgage Broker on the Central Coast, I’ve observed significant shifts in Kariong’s housing market. The median house price for 4-bedroom homes in Kariong has surged by an impressive 9.20%, reflecting strong growth in this segment. In contrast, the median price for 3-bedroom homes has unexpectedly declined by 2.30%, creating a notable gap between these housing types. Growing Price Gap Between 3-Bedroom and 4-Bedroom Homes in Kariong The price difference between 3-bedroom and 4-bedroom houses in Kariong has widened to $240,000, one of the largest gaps on the Central Coast. This significant disparity presents an opportunity for owners of 3-bedroom homes to consider adding a fourth bedroom, potentially increasing their property’s value and appeal in the Kariong market. Rental Yields for Investors in Kario...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-central-coast-michael-daniels/ Author: Michael Daniels The September Central Coast median house price has reached another record high of $1,066,420. As you can see from my chart, our house prices continue to push past the COVID-19 stimulus peak and are now $116,000 above the post-COVID-19 adjustment, where prices fell from $1,050,000 to $950,000. This chart combines the median house price results from 47 Central Coast suburbs. Twelve of these suburbs actually saw median house price falls over the last year, however, it is important to note that 50% of these declining suburbs were in the top 10 by house price size. The most expensive suburbs have been more likely to see a downward adjustment following historically high growth for this segment over the last five years. Our office is experiencing an increase in first-home buyer activity and investor activity. The 5% deposit scheme publicity is driving the fi...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-broker-in-gorokan-michael-daniels/ Mortgage Choice Central Coast has provided a table ranking the 47 largest Central Coast suburbs with more than 800 houses. Gorokan has ranked as the most affordable option for people looking to buy a house with a median house price of $750,000. The Central Coast median house price is $1,066,420. Gorokan's median house price has grown by $30,000 over the last 6 months and $40,000 over the last 12 months. We suspect Gorokan's median house price will soon rise due to increased demand from the expanded first-home buyer scheme and a high annual rental yield of 4.1%, which is attracting investors. 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 .

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-killarney-vale-michael-daniels/ Author: Michael Daniels As Central Coast Mortgage Brokers, we have the privilege of witnessing our clients use impressive wealth-creation tactics. One tactic we regularly see is converting 3-bedroom houses into 4-bedroom houses. Today, we are going to analyse this option in Killarney Vale.  Over the last 12 months, 4-Bedroom house prices grew by 7.30% to $1,030,000. 3-Bedroom house prices grew by 3.9% to $885,000. Although these median prices are high, Killarney Vale is a relatively affordable area given its proximity to the beach and its broader location in the middle section of the Central Coast. Killarney Vale's 3-bedroom house prices, in particular, offer potential for growth if owners can add a bedroom at a relatively low cost. With a $145,000 gap between 3-bedroom and 4-bedroom houses, adding a bedroom with an internal wall would be an instant gain. The new First ...

Author: Michael Daniels Twenty-three of the forty-seven Central Coast Suburbs we measure now have a Median house price over $1,000,000. Despite the  Central Coast median house price rising every month since January , there have been some declines. Surprisingly, 5 of the top 10 suburbs, Copacabana, Wamberal, Terrigal, Forresters Beach, and Erina, saw a decrease in median house prices over the last 12 months. Conversely, only 1 of the bottom 10 suburbs, Gwandalan & Buff Point, saw a decline in their median house price. Our most affordable suburb, Gorokan, now has a median house price of $750,000. Ten years ago, Gorokan's median house price was $375,000. Wyong recorded the lowest dollar growth of $212,000 over the last 5 years. Watanobbi had the lowest dollar growth amount, $412,250 over the previous 10 years. Copacabana saw the highest dollar growth amount over 10 years, $1,033,500 and over 5 years, $686,250. However, Copa has also experienced the largest median house price ...

  Author: Michael Daniels Mortgage Choice Central Coast has prepared a table showing Tumbi Umbi ranked 3rd for house price growth over the last 12 months. We have seen the same trend in our mortgage broking business. Buyer interest in the wider Tumbi Umbi, Bateau Bay, Berkeley Vale & Killarney Vale area is booming, driven by the amended 5% First Home Buyer scheme and strong rental yields. I would also add that the relative affordability of these beach-oriented suburbs is driving general demand. We have also included the 5-year growth amount to provide our readers with some perspective. As you can see, Tumbi's performance over the 5-year term is not what we have seen over the last year.  When the market favours sellers, buyers need to be prepared to move quickly when the right house hits the market.  Fortune often favours speed.  The best way to give yourself this advantage over other buyers is to set up a Pre-Approval with a reliable bank. Beware of lenders that ...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-narara-michael-daniels/ As predicted in our last post about Narara, the property owners of Narara have good reason to be optimistic. The Median house price for September has breached the $1,000,000 mark. One of the few suburbs to exceed the peaks reached during the COVID-19 stimulus. Our recent experience at Mortgage Choice Central Coast is that Sydneysiders are on the move. Population growth, coupled with a lack of new housing stock, is forcing people out of Sydney. Property pundits often point to QLD as the beneficiary of this internal migration; however, the Central Coast has always felt the same effect, especially given that people can keep their Sydney employment. Narara, being on the train line and more affordable than most of its southern neighbours, is on the frontline of this migration, and September's result is not a surprise to us. Please  email  michael.daniels@mortgagechoice.com...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-broker-in-kincumber-michael-daniels/ We have prepared a table showing the disclosed house sales in Kincumber for the last 3 months. There were 29 sales according to the results reported by Cotality (Formerly RP Data).  Although a wide range of agents is represented, George Brand Kincumber has a significant share with eight sales. The stone brand sold five houses, but this was across three offices. Ray White sold four houses across two offices, and McGrath sold three houses. We have added a column showing the $ amounts per square meter of land. This can serve as a helpful comparison to gauge the effectiveness of the sales agent's results.

As of October 2025, the median house price in Bateau Bay stands at $1,160,000, marking a solid 5.5% increase over the past 12 months. This upward trend is evident in the five-year median price chart, which has climbed steadily from around $800,000 in 2020. With 167 houses sold in the last year and properties lingering on the market for just 36 days, demand remains strong among the 2,678 active buyers eyeing Bateau Bay properties. On the rental front, Bateau Bay's median weekly rent for houses is $630, reflecting a 7.4% decline over the past year after peaking at a higher level in prior trends. Yet, the market moves swiftly: 319 houses were leased in 12 months, with a median time on market of only 14 days, supported by 849 eager renters. The current supply comprises 41 houses for sale and 20 for rent, offering a 3.5% rental yield, which is attractive for Bateau Bay real estate investors. Amid stabilising interest rates, Bateau Bay home buying and investing opportunities abound. Fami...

https://www.mortgagechoice.com.au/michael.daniels/our-services/mortgage-choice-in-wamberal-michael-daniels/ Wamberal's Resilient Property Landscape As a Mortgage Broker deeply familiar with the Central Coast, I've observed Wamberal maintain a median house price of $1.6 million, offering stability amid fluctuations. Compared to Terrigal's slight decline (-1.7% growth) and Avoca Beach's stronger 10.7% rise, Wamberal's modest -1.1% dip reflects a balanced market with 82% owner-occupancy, higher than Terrigal's 74% but similar to Avoca's 81%. Sales Trends and Buyer Interest In the past year, 89 Wamberal homes sold, with 44 available last month, drawing 68 interested buyers per listing—competitive like Avoca (68) but outpacing Terrigal (52). However, median days on market stretch to 70, longer than Terrigal's 50, suggesting patient negotiations. Tenure averages 24.5 years, indicating strong community ties. Rental Market Overview Wamberal's 2.9% gross yiel...