Premium Central Coast suburbs are now holding their own against the Sydney property market. CoreLogic’s Mapping the Market report showcases the increase of median house prices across the region. The top 10 Central Coast premium suburbs have two key features, land and beach.
The top five Central Coast suburbs all feature acreage properties, whilst the bottom five are all beach side suburbs. For those buying on the Central Coast, it appears the top end of town want one of two things, space and lifestyle.
The surprising result from the Mapping the Market report is Holgate taking over top position from sister suburb Matcham. Back in 2014, Matcham’s median house price was $816,693, closely followed by Somersby at $807,070, and Holgate taking 3rd place with $800,412. Now, Holgate is in position number one.
Top 10 median house prices for Central Coast premium suburbs
Holgate $1,185,260 (26 house sales)
Somersby $1,173,014 (47 house sales)
Matcham $1,164,366 (14 house sales)
Picketts Valley $1,141,169 (3 house sales)
Fountaindale $964,200 (12 house sales)
Pretty Beach $939,892 (9 house sales)
Killcare Heights $936,273 (23 house sales)
Hardys Bay $933,163 (5 house sales)
Avoca Beach $931,934 (82 house sales)
North Avoca $917,543 (63 house sales)
Matcham has been known for high end properties, popular with executives and even celebrities like Peter Sterling who sold his property in June 2018 for $3,250,000. But Holgate is fast becoming popular with buyers with easy access top private school, Central Coast Grammar, award-winning Firescreek Winery, vegetarian café and gallery Bamboo Buddha and the Matcham Valley Pony Club to entertain the kids. With 26 house sales between 1 June 2018 and 1 June 2019, Holgate’s median house price has taken out top spot by offering a great location combined with large land sizes and potential future growth to outstrip Matcham as the premium Central Coast suburb.
A little further away from the coastline, acreage suburbs feature in the top median house prices.
Mangrove Mountain $1,156,774
Peats Ridge $1,152,402
Sydney vs Central Coast
As it becomes harder and harder to purchase property in Sydney for under $1,000,000 the Central Coast offers more space, lifestyle and growth, making premium suburbs attractive to buyers looking to stretch their money further. Considering the drive time is only 37 minutes on the M1 from the Gosford exit to reach the Wahroonga exit, commuting from the Central Coast to Sydney is well within reach.
Central Coast mortgage broker
Median house prices are one thing, but knowing realistic valuations of Central Coast properties is key to securing the finance. Working with a Central Coast mortgage broker like Mint Equity gives you the confidence that your mortgage broker knows which lenders have the best rates and which property valuers understand the Central Coast market. This is key to securing a home loan approval.
Contact the team at Mint Equity at the beginning of your buying journey to ensure you have the right information and the lowest interest rate with the best lender conditions before you buy.