The Central Coast has recently been named among the top 5 most popular locations for first home buyers in New South Wales according to the latest National Property Market Update by Infotrack. With its stunning coastal views, friendly communities, and affordable housing options, it's no surprise that the region is attracting an increasing number of first-time buyers.
NSW Top 10 Suburbs for First Home Buyers
Infotrack ranked the postcodes by the highest number of sales to first home buyers, with postcode 2155 taking out the number one spot. Other postcodes and suburbs that made the list are;
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Kellyville
North Kellyville
Rouse Hill
Kellyville Ridge
Beaumont Hills
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Liverpool
Casula
Prestons
Moorebank
Mount Pritchard
Lurnea
Chipping Norton
Warwick Farm
Hammondville
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Marsden Park
Riverstone
Box Hill
Grantham Farm
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Campbelltown
Leumeah
Bradbury
Rosemeadow
Ambarvale
St Helens Park
Ruse
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Wyoming
Narara
Kariong
Lisarow
Erina
Gosford
East Gosford
Springfield
North Gosford
Point Clare
Niagara Park
Point Frederick
Tascott
West Gosford
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Greystanes
Westmead
Wentworthville
Pendle Hill
South Wentworthville
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Blacktown
Marayong
Prospect
Kings Park
Arndell Park
Huntingwood
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Schofields
Tallawong
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Parramatta
Harris Park
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Mount Druitt
Whalan
Minchinbury
Hebersham
Lethbridge Park
First-time buyers flock to Central Coast for affordable housing options
The Central Coast, which is located just north of Sydney, boasts a unique lifestyle that is hard to beat. It's home to some of the most beautiful beaches in Australia, as well as picturesque national parks and a vibrant café scene. The region also has a thriving arts and culture scene, with numerous galleries, museums, and festivals taking place throughout the year.
Forresters Beach on the Central Coast
But what really sets the Central Coast apart from other regions is its affordability. Compared to Sydney's notoriously expensive property market, the Central Coast offers much more affordable housing options, making it an attractive destination for first-time buyers who are looking to get a foot on the property ladder.
The region has a wide variety of homes available for sale, from cozy apartments and townhouses to spacious family homes, lifestyle acreages and waterfront properties. The median house price on the Central Coast varies depending on the suburb, but the postcode of 2250 is proving popular with first home buyers. According to realestateinvestar.com.au the suburb of Gosford has a median price of $825,000 for houses and $580,000 for units.
Even Smart Property Investment named the Central Coast a region for strong growth potential for first home buyers.
This affordability has been a key factor in attracting first-time buyers to the region. According to recent data, first home buyers currently make up around 35% of all home buyers on the Central Coast, a significant increase from just a few years ago.
The Central Coast's popularity among first-time buyers has also been boosted by government initiatives such as the First Home Loan Deposit Scheme, which helps first home buyers secure a loan with a deposit as low as 5%,
Overall, the Central Coast's combination of stunning natural beauty, affordable housing options, and supportive government initiatives make it an incredibly attractive destination for first-time buyers. With its laid-back lifestyle and friendly communities, it's no wonder that more and more people are choosing to call this beautiful region home.