You read that correctly, now let us confirm this great news: the property prices in three Central Coast suburbs have rapidly risen in four years, doubling in price.
New data from PropTrack via realestate.com.au shows property prices in almost every Central Coast suburb have grown – including on the Central Coast.
The post-pandemic boom has caused a once-in-a-lifetime property boom which followed has caused prices to double.
Prices surged in three Central Coast suburbs, with prices in Copacabana up 89%, Long Jetty up 79% and beachside suburb North Avoca up 76% according to realestate.com.au.
Experts believe the Central Coast’s sense of community and easy access to the beach and of course, the Sydney CBD have contributed to the surge.
Speaking to realestate.com.au, PropTrack economist Anne Flaherty said the pandemic has also contributed to the surge in property prices.
“The level at which property prices rose in 2021 in particular was the fastest episode of price growth seen in over 30 years,” Flaherty said.
“It’s unsurprising that property prices increased when interest rates decreased so much.”
Previous data from PropTrack has revealed several Central Coast suburbs are among some of the most sought after for would be property buyers.
Using data from realestate.com.au – including measuring key enquiries per listing – PropTrack has found that Holgate, Matcham and Fountaindale are some of the most sought after by would-be homeowners.
According to realestate.com.au, the data shows that buyers are seeking both space and affordability, which these Central Coast suburbs offer. The PropTrack data also shows that buyers are seeking suburbs that are close to the city.
Holgate, Matcham and Fountaindale have beat out the likes of other NSW suburbs including Chiswick, Cattai and Kenthurst as well as Queensland suburbs such as Chandler and Burbank.
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By Bek Lougher
