The records keep tumbling. Bateau Bay's median house price just reached $1,150,000, one of a handful of Central Coast suburbs that have exceeded the records set during the Covid-19 economic stimulus.
Interestingly, the 3-bedroom median house price is $998,500, and the 4-bedroom median house price is $1,282,500, which is an enormous price gap for a bedroom ($284,000). I wonder what caused this discrepancy.
A good way to explore market value is the expression of a property's ability to generate income. The median 4-bedroom rent is $750 per week, which is $39,000 per annum. This is 3.04% of $1,282,500. The median 3-bedroom rent is $600 per week, which is $31,200 per annum. This is 3.12% of $998,500. Both of these yield results indicate that the market yield is in line with the Central Coast Median of 2.92%.
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