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We have finally reached and exceeded the Central Coast median house price set in August 2022, during the height of the pandemic's economic stimulus. The former record was $1,053,600, and the new record is $1,056,800. This represents a growth of $36,712, or 3.60% over the last 12 months.
The post-COVID fall began at $1,053,600 in August 2022 and ended at $945,100 in October 2023. Since then, the market has gradually recovered that decline and grown by $111,000 in 22 months (an average growth rate of $5,045 per month).
Interestingly, when comparing the Central Coast to areas like Hornsby and Ku-ring-gai, their median house prices reached their COVID-19 peaks very quickly and have since grown significantly beyond those records. The Ku-ring-gai Covid Peak was $3,200,000 and is now $3,332,000. The Hornsby Covid Peak was $1,810,000, and they are now at $1,934,000.
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 [email protected] or
