Central Coast Council, NSW


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Suburbs/localities in this Local Government Area: Copacabana 2251, Avoca Beach 2251, Daleys Point 2257, Davistown 2251, Dooralong 2259, Doyalson 2262, Doyalson North 2262, Durren Durren 2259, East Gosford 2250, Empire Bay 2257, Erina 2250, Erina Heights 2260, Ettalong Beach 2257, Forresters Beach 2260, Fountaindale 2258, Frazer Park 2259, Freemans 2259, Glenning Valley 2261, Glenworth Valley 2250, Gorokan 2263, Gosford 2250, Green Point 2251, Greengrove 2250, Gunderman 2775, Gwandalan 2259, Halekulani 2262, Halloran 2259, Hamlyn Terrace 2259, Bar Point 2083, Hardys Bay 2257, Holgate 2250, Horsfield Bay 2256, Jilliby 2259, Kangy Angy 2258, Kanwal 2259, Kariong 2250, Kiar 2259, Killarney Vale 2261, Killcare 2257, Killcare Heights 2257, Kincumber 2251, Kincumber South 2251, Kingfisher Shores 2259, Koolewong 2256, Kulnura 2250, Bateau Bay 2261, Lake Haven 2263, Lake Munmorah 2259, Lemon Tree 2259, Lisarow 2250, Little Jilliby 2259, Little Wobby 2256, Long Jetty 2261, Lower Mangrove 2250, Macmasters Beach 2251, Magenta 2261, Mangrove Creek 2250, Mangrove Mountain 2250, Mannering Park 2259, Mardi 2259, Marlow 2775, Matcham 2250, Moonee 2259, Mooney Mooney 2083, Mooney Mooney Creek 2250, Mount Elliot 2250, Mount White 2250, Narara 2250, Bensville 2251, Niagara Park 2250, Norah Head 2263, Noraville 2263, North Avoca 2260, North Gosford 2250, Berkeley Vale 2261, Ourimbah 2258, Palm Grove 2258, Palmdale 2258, Patonga 2256, Pearl Beach 2256, Peats Ridge 2250, Phegans Bay 2256, Picketts Valley 2251, Point Clare 2250, Point Frederick 2250, Point Wolstoncroft 2259, Pretty Beach 2257, Ravensdale 2259, Rocky Point 2259, Alison 2259, San Remo 2262, Saratoga 2251, Shelly Beach 2261, Somersby 2250, Spencer 2775, Springfield 2250, St Huberts Island 2257, Summerland Point 2259, Tacoma 2259, Tacoma South 2259, Tascott 2250, Terrigal 2260, The Entrance 2261, The Entrance North 2261, Toowoon Bay 2261, Toukley 2263, Tuggerah 2259, Tuggerawong 2259, Tumbi Umbi 2261, Blackwall 2256, Umina Beach 2257, Upper Mangrove 2250, Wadalba 2259, Wagstaffe 2257, Wallarah 2259, Wamberal 2260, Blue Bay 2261, Warnervale 2259, Blue Haven 2262, Watanobbi 2259, Wendoree Park 2250, West Gosford 2250, Wondabyne 2256, Woongarrah 2259, Woy Woy 2256, Woy Woy Bay 2256, Wybung 2259, Wyoming 2250, Wyong 2259, Wyong Creek 2259, Wyongah 2259, Yarramalong 2259, Yattalunga 2251, Booker Bay 2257, Bouddi 2251, Box Head 2257, Budgewoi 2262, Budgewoi Peninsula 2262, Buff Point 2262, Bushells Ridge 2259, Calga 2250, Canton Beach 2263, Cedar Brush Creek 2259, Central Mangrove 2250, Chain Valley Bay 2259, Charmhaven 2263, Cheero Point 2083, Chittaway Bay 2261, Chittaway Point 2261, Cogra Bay 2083, Colongra 2262

 

2 thoughts on “Central Coast Council, NSW”

  1. Are you a real estate professional with an extensive knowledge of the NSW Central Coast property market? Our members would love to hear from you! Share your insights in a comment below.

  2. Central Coast’s property growth has seen substantial gains. Looking at HtAG’s GRC (Growth Rate Cycle), Centra Cost has grown on an average 8% annually in the last 15 years. Currently it is experiencing its highest rate of growth with the YoY (year on year) growth rate change of plus 13.74%. Considering that its typical price is still below a 1 million, these statistics highlight Central Coast Council as a ‘blue chip’ investment area. Central Coast has the perfect combination—low entry point (in comparison to other Greater Sydney areas) and high capital growth.

    Past performance of the area is not indicative of future performance, however this is where HtAG’s forecasting feature comes handy. Looking at the GRC forecast chart, Central Coast is projecting circa 11% growth in 2022 and 6% growth in 2023. Although these figures suggest that Central Coast is positioned for another 2 years of considerable growth, the confidence of the aforementioned forecasts are in the very low category with an error rate of 16.58%. Considering the error rate, Central Coast capital growth can fall anywhere within the -6% to 27%. This suggests that investors should take other aspects into consideration before making a decision to invest in Central Cost. Some of the aspects the team at HtAG uses to classify the investment potential of the area are as follows:

    • Below Zero rule: has the areas growth fallen below zero, that is, has the area previously experienced negative capital growth. Looking at the GRC graph, Central Coast LGA has never experiences negative growth in the last 15 years suggesting that its projected growth will more than likely be in the positive category.
    • Are there any submarkets within the Council in question that have a better error rate: Luckily, Central Coast has 7 suburbs with high confidence forecast with the error rate ranging between 2.33% to 2.91%. Furthermore, these suburbs (Tacoma, NSW 2259; Blackwall, NSW 2256; Daleys Point, NSW 2257; Wadalba, NSW 2259; Norah Head, NSW 2263; Chain Valley Bay, NSW 2259; Horsfield Bay, NSW 2256) are all projecting above 5% growth with some suburbs projecting between 12-18% growth.
    • What are the other metrics for Central Coast and its suburbs telling: the team at HtAG is always looking at metric in unison meaning that before a decision is made, clients and employees are encouraged to consider all aspects of the area in question. For example, Days on Market (DoM) feature is suggesting that some suburbs with the high confidence feature have a lower days on market (how long a property remains advertised for sale before it is purchased) than others which further narrows the search. Combining the confidence feature with the DoM feature, customers are in a position to narrow from 7 high confidence areas down to 2 high confidence features with a low DoM figure of 17 days (Tacoma, NSW 2259; Norah Head, NSW 2263)

    Overall, Central Coast property growth has seen substantial gains in some areas. Customers are however urged to do a more detailed analysis of the Council to find suburbs with lower risk profiles.

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