A hop, skip and a jump away from Sydney’s record-breaking housing market, which Central Coast suburbs are set to be hot property in 2022?
Australia’s booming property market has stretched beyond capital cities with regions including the Central Coast experiencing a surge in property demand.
The desire to maximise the new working from home norm and take advantage of premium lifestyle offerings has spurred many Sydney residents to reconsider their living options.
Growth across the the region has pushed house prices across 14 Central Coast suburbs to rise in some cases by more than $500,000, joining the million-dollar median club according to CoreLogic data published in June.
| SUBURB | MEDIAN VALUE MAY 2021 | MEDIAN VALUE MAY 2020 |
North Avoca | $1,466,658 | $991,507 |
Copacabana | $1,437,549 | $938,695 |
Bensville | $1,374,493 | $953,765 |
Wamberal | $1,343,872 | $978,414 |
St Huberts Island | $1,300,437 | $977,741 |
Forresters Beach | $1,287,821 | $973,841 |
Terrigal | $1,281,552 | $939,870 |
Erina | $1,133,379 | $815,208 |
Empire Bay | $1,124,865 | $853,084 |
Saratoga | $1,082,090 | $773,002 |
Green Point | $1,059,843 | $794,316 |
Shelly Beach | $1,043,038 | $797,774 |
Avoca Beach (units) | $1,041,278 | $890,107 |
Davistown | $1,037,559 | $696,770 |
Founder and director of Sharp Property Buyers Matt Sharp said around 80% of the buyer market is coming from out of area, with the majority coming from Sydney.
“A lot of buyers are coming from Sydney, seeking lifestyle changes,” Mr Sharp told Savings.com.au.
“Because of the working from home factor, the Central Coast offers a very viable and attractive option.
“The reasons for that are obviously price, we are well-priced in comparison to the Sydney market, but not only that we have some really good amenities up here, world-class restaurants and cafes.
“In the past the objection for people not wanting to move to the Central Coast was because they would have to spend a lot of time commuting to the city, especially for those higher paying jobs.
“Given they are now working from home, that’s no longer an issue for people and the Central Coast has become a genuine option, for both middle class and upper class income earners.”
With 2022 within arm’s reach, what does Central Coast’s property market have in store over the next year? We dived in with the experts to discover which Central Coast suburbs are tipped to grow in 2022.
This article was originally published by Jacob Cocciolone on https://www.savings.com.au/news/central-coast-suburbs-predicted-to-grow-in-2022
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