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Central Coast Council, NSW

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The Central Coast Council is a local government area in New South Wales, Australia, servicing the Lower Hunter region and the Central Coast region. The LGA lies between the urbanizations of Sydney and Newcastle and is commutable to both cities. The proximity to major commercial centres, good work prospects, and attractive costal communities put this local government area into the top 20 most expensive for housing in the country.

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The Central Coast is one of Australia’s most sought-after property markets, with some towns experiencing house price growth over 200% in the past 10 years. The recent jump in house prices is not just a Central Coast phenomenon with regions across Australia experiencing similar growth.

The Central Coast is finally living up to its potential in the housing market. The region is shaping future housing trends in the region because of increased demand for living spaces from a diverse and ever-changing demography in the region.

There is a shift in what people are looking for when it comes to buying homes. Professionals (18.6%), Technicians and Trades Workers (15.5%), Clerical and Administrative Workers (13.7%), Community and Personal Service Workers (12.4%), and Managers (11.2%) are the most frequent jobs in Central Coast. The typical weekly personal income for Central Coast residents aged 15 years and above is $600.

The housing market in Central Coast is driven by the high median income as evidenced by high quality professions with above average incomes. A lot of people moving from outer parts of metropolitan Sydney due to the higher cost of living and less affordable housing resulting in a spill-over affect of demand. The population growth contributes to the fact that there are now more buyers than there are listings on the market, making homes more expensive.

On the Central Coast, 78.5 % of occupied private residences are detached houses, 12.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 7.6 % are flats or apartments, and 0.9 % are other dwellings. Central Coast tenants are more likely to be interested in detached private dwellings.

Find out more about the Central Coast property market by exploring the data in the interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.




























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How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Central Coast Council, NSW

What other property markets are there near Central Coast Council, NSW?

Central Coast Council is surrounded by 6 other council areas – Cessnock, Northern Beaches, Lake Macquarie, Hawkesbury, Hornsby, The Hills Shire.

How many people live in Central Coast Council, NSW?

There are approximately 328000 people living in roughly 144500 dwellings in total, with an average household size of 2.5.

What are current and planned infrastructure projects in Central Coast Council, NSW?

Notable infrastructure projects include Ulverstone Cultural Precinct Project, Cradle Coast Mountain Bike Club, Rallysafe.

What major retailers are there in Central Coast Council, NSW?

The main retail centres are Lake Haven Centre, Kincumber Village, Erina Fair, Westfield Tuggerah.

What is the main industry in Central Coast Council, NSW?

Such sectors as Health Care and Social Assistance, Construction, Retail Trade, Education and Training, Public Administration and Safety make up the largest part of the employment.

What are the dominant demographic groups in Central Coast Council, NSW?

Among approximately 328000 people in Central Coast Council males and females make roughly 48% and 52% respectively. The median age of people is 42 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 21%.

How is unemployment rate trending in Central Coast Council, NSW?

Among approximately 150000 people employed, roughly 55% work full-time, 33% work part-time, and an estimated 7% are unemployed.

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

4 thoughts on “Central Coast Council, NSW”

  1. Real Estate Market Review in Central Coast, NSW

    The market for houses in all LGAs around Sydney performed badly in 2019 Q3. However, inner suburbs fared far worse.

    The LGAs to the north of the Central Coast form the urban area of Newcastle. In general, the housing market fared progressively better, travelling north up the coast from the centre of Sydney. Northern Beaches, the Shire of Hornsby, and the Hills Shire to the south experienced price falls of 3.24, 6.16, and 5.5 percent respectively. Prices in the Central Coast fell by 2.6 percent and houses in Lake Macquarie, Cessnock City, and Newcastle City to the north increased by 0.57, 2.86, and 0.41 percent respectively.

    The housing market in the Central Coast LGA is very active, with far more sales than any of its neighbours, including the densely populated areas of central Sydney. The sales of 680 houses in the Central Coast area during 2019 Q4 dwarfs the sales volumes of houses in Lake Macquarie (342), Cessnock City (141), Hawkesbury City (116), the Hills Shire (159), the Shire of Hornsby (278), and Northern Beaches (225).

    The market for units is not as large as the market for houses in the Central Coast. This can be seen in the sales volume for 2019 Q3, which at 54 units sold shows less than ten percent of the sales volume for houses. Never the less, units proved to be a better investment in the last quarter because the average sale price rose by 0.5 percent.

    The unit market price rises in Central Coast was a pocket of good news in the region – all but one of the surrounding LGAs experienced price falls on unit sales. Unit prices fell by 3.47 percent in Northern Beaches, by 6.01 percent in the Shire of Hornsby, by 4,78 percent in the Hills Shire, 0.8 percent in Hawksbury, and 3.67 percent in Lake Macquarie. The only neighbouring LGA with price growth in the unit market was Cessnock, where prices increased by 2.39 percent.

    Although unit sales volume in Central Coast is low compared to the house market in the area, it is much higher than in many of its neighbouring LGAs. For example, Cessnock City only experienced 9 unit sales in 2019 Q4 and Lake Macquarie had only 25. Northern Beaches to the south and closer to the centre of Sydney has a much larger unit market with sales of 185 units in 2109 Q3.

    The demand for houses in the LGA is far higher than the average rate of sales for all local government areas in Australia, while the sales rate for units is slightly lower than the national average. Demand for houses and units for rent is a little lower in the area than the national average.

    Over the past year, prices for houses have fallen in the LGA by 2.6 percent, while prices for units rose slightly. The movement in prices the rental sector was the reverse of the picture for sales – rent levels for houses fell considerably (4.71 percent) and rents for units showed strong rises (4.1 percent). The yield on rental fell over the last year, brining investment returns very close to those of Lake Macquarie to the north, where yields rose.

    Demand Profile for Central Coast Real Estate

    The demand profile above shows that three and four bedroom houses sold in far greater quantities than any other property type and size during 2018 – 2019. The only property size in which units sold in a greater quantity than houses was the one bedroom category. In 2018-2019, 54 one bedroom houses and 71 one bedroom units where sold in the Central Coast LGA.

    The first graph above shows the long-term view of the house market in Central Coast – the top graph details house sales sand the second shows the rental market for houses. House sales volumes peaked in 2015, but prices continued to rise after volumes declined. Prices peaked in 2018 Q4 and since then have declined slightly. HtAG analysis expects that sales volume will rise slightly while prices will fall very slightly over the next two years.

    Outlook for Central Coast Housing Market

    The rental market showed a gentle rise in both volumes and prices since 2009, with some plateauing along the way. Rent levels peaked in 2018 Q4 and have fallen slightly since then despite continuing quarterly increases in sales volumes. HtAG expects that rent levels will be back up to their 2018 Q4 highs by 2020 Q4 and should then continue to grow.

    Price changes in the house market shows that the Central Coast has been a good long-term investment. Prices have risen in every year since 2008 except for price retreats that lasted a little over a year in 2001/2012. Price increases accelerated up to 2015. Since then, they kept increasing, but at a progressively slower rate. The beginning of 2019 saw prices fall by 2.6 percent. This was the first price fall in seven years and HtAG expects that the market will return to price gains by 2022.

    The heatmap of house price changes in 2019 Q4 shows a mixed picture for Central Coast. Three districts showed prices fell in the quarter. These are Budgewoi with 12 house sales that showed price falls of 1.58 percent, Halekulani with 9 sales and a price fall of 2.29 percent, Blue Haven where prices fell by 1.75 percent over 18 house sales, Gorokan with a fall of 1.16 percent and 24 sales, Wadalba with 9 sales and a price fall of 0.19 percent, San Remo, with 16 sales and a price fall of 0.22 percent, and Mannering Park with 13 sales and a price drop of 0.52 percent.

    Although these districts are all close together, there is no distinctive feature between them that can explain a property or district characteristic that caused prices to fall. All are in the north of the LGA, but are sited alongside areas with large price gains. For example, Wadalba is next to Tuggerawong, which saw price increases in 11.14 percent, though over only two sales.

    The south of the LGA saw strong price gains with some districts, such as Avoca Beach and Empire Bay showing double digit price gains. Only two pockets of price falls exist in this zone of the LGA – Daleys Point, which borders Empire Bay, but saw a price fall of 3.81 percent and Horsfield Bay, which saw prices fall by 2.39 percent, but with only two sales in 2019 Q3.

    The scatter map above shows the locations of all house sales over the past quarter and their prices. The overwhelming majority of these markers are yellow and orange showing a dominant price range of A$500,000 to A$700,000.

    Central Coast Property Market for Units

    The market for units in the Central Coast Council LGA is not as active as the house markets with only 54 units sold in the last quarter. The rental sector is much more active, with 810 contracts being finalized in the LGA in 2019 Q3.

    Sales volumes peaked in 2015 Q4 with 170 units sold, falling to a low of 46 unit sales in 2019 Q2. HtAG predicts that unit sales volumes will stay around this low level for the foreseeable future. Despite falling sales, unit prices have remained buoyant, climbing up until 2018Q1 to reach a median price of A$530,000 and then plateauing to the present day. HtAG expects prices to rise slightly over the next two years to a median level of A$540,000.

    The rental market’s volume has risen since 2009, with a stagnant period from 2010 to 2013. The turnover in Q2 and Q4 2019 at 810 contracts represents an all-time high and HtAG expects the volumes in the unit rental sector to continue to increase. Despite the volume highs in the last two quarters, rent levels fell slightly during Q4 from a peak of A$360 per month to A$350 per month. HtAG predicts that rent prices will increase gradually to reach A$370 by 20121 Q3.

    The price change graph for units has a very similar trend to the graph for house price changes in the LGA. However, the period of price falls for units at the beginning of this decade lasted longer. Recent quarters have seen unit prices continue to increase and HtAG doesn’t see any price falls in the sector during the next two years.

    The heatmap of unit sales in Central Coast shows how spares sales volumes are for units in the LGA. Many zones in the LGA experienced no unit sales at all. However, those districts where unit sales did occur show strong price growth. Only one area, Berkeley Vale saw prices fall (by 0.46 percent). Three districts in the LGA showed very strong price gains, but with low unit sales volumes. These were Woy Woy with 2 sales and a 13,78 percent price rise, The Entrance North, with 4 sales and a 15.14 percent price raise, and Point Frederick with 3 sales and a 19.04 percent price rise.

    The scatter plot of unit sales shows that more units in the price range of A$400,000 to A$600,000 were sold than in other price brackets.


    The Central Coast Council local government area is a good bet for property investors. The unit sector, despite having low volume is a particularly good pick. This is because prices are expected to increase over the next two years. Forecasts expect the market to fall in general in Australia until 2020, so that makes the Central Coast a safe haven for investments in troubled times.

    Steady rent levels with a slight increase over the next two years make the Central Coast LGA a good location for buy-to-let investors. The rental sector is buoyant with a strong turnover, which is another encouraging factor for property investors.

  2. 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.

  3. 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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