If you’ve ever daydreamed about living in one of the most expensive suburbs on the Central Coast, with its mix of sandy stretches like Toowoon Bay and hidden gems like Macmasters Beach, you’re not alone.
But here’s some news that might pique your interest even more: there’s a change in the wind. Beyond the buzz of Newcastle and its surrounding shire, property prices in places like Lake Munmorah, Kincumber and Avoca Beach are starting to take a little dip. And guess what? It’s not just them.
What caused the property prices to drop in these Central Coast suburbs? It could be the increased interest rates which reduced borrowing capacity. This caused housing values to drop in higher end suburbs like Terrigal.
So, why wait? Dive into this article, and we’ll journey through seven Central Coast spots where your property dreams might just become more affordable. And if a property on the list isn’t available anymore, register your match profile on Soho and we’ll send you more listings within your price range when they come onto market. Happy house hunting!
1. Lake Munmorah NSW
- Price growth down 6.4% in last 12 months
- Median house price: $692,500
- Median unit price: $500,000
Nestled in the heart of NSW’s Central Coast, Lake Munmorah emerges as an economical haven for potential homeowners and renters with a property price drop by 6.14%.
With the average home price hovering around $690,000, it’s a refreshing contrast to the steeper rates of the bustling capital cities.
But Lake Munmorah isn’t just about affordability. Its pristine beaches serve as a serene backdrop, while the proximity to lush nature reserves enriches the locale’s appeal.
Check out more properties for sale in Lake Munmorah.
2. San Remo NSW
- Price growth down 6.9% in last 12 months
- Median house price: $651,500
Property prices are certainly dropping in San Remo, a suburb tucked away on the Central Coast. San Remo stands out as one of the most budget-friendly enclaves in the region.
Not only does it boast consistent price growth, but its vast array of housing choices ensures that everyone, regardless of their budget, finds a place to call home.
Some of the cheapest houses on the Central Coast can be found in this suburb, with many listings for those looking to buy or rent.
Check out more properties for sale in San Remo.
3. Gorokan NSW
- Price growth down 8.2% in last 12 months
- Median house price: $670,000
- Median unit price: $484,000
On the hunt for reasonably priced real estate on the Central Coast? Consider Gorokan as your top pick. With its strategic location and tranquil ambiance, it beckons as a delightful haven.
What’s more, properties in Gorokan often come at a fraction of the cost—typically 2-4 times less—compared to other Central Coast locales, making it a gem for budget-conscious home-seekers.
Check out more properties for sale in Gorokan.
4. Wyee NSW
- Price growth down 10.5% in last 12 months
- Median house price: $875,000
- Median unit price: $770,000
Consider Wyee if you are ever searching for a suburb that offers excellent value for money. The area has an aura of tranquillity that you need if you desire a peaceful and relaxed lifestyle.
What’s more, you can find properties in Wyee that are much cheaper than other areas of the Central Coast, making it a budget-friendly option. If you desire the serene environment of the suburb but want to be within the city, Wyee might be the perfect place for you.
Check out more properties for sale in Wyee.
5. Tuggerawong NSW
- Price growth down 6.4% in last 12 months
- Median house price: $810,000
- Median unit price: $650,000
If unparalleled value in a serene setting is what you’re after, set your sights on Wyee. This enclave on the Central Coast radiates a calming atmosphere, ideal for those yearning for a laid-back life.
Moreover, Wyee’s property prices are notably more affordable compared to other parts of the region. So, if you’re inclined towards the quiet allure of suburban life but still crave proximity to urban amenities, Wyee strikes a harmonious balance.
Check out more properties for sale in Tuggerawong.
6. Woongarrah NSW
- Price growth down 7.4% in last 12 months
- Median house price: $870,000
- Median unit price: $720,000
Nestled on the Central Coast of New South Wales, Woongarrah is a peaceful and family-friendly suburb. Home to around 6,000 residents, it boasts scenic parks, playgrounds, and recreational areas perfect for outdoor activities.
The suburb is also well-connected to nearby cities by public transport. With its friendly community and peaceful surroundings, Woongarrah suits those seeking a comfortable and convenient lifestyle.
Check out more properties for sale in Woongarrah.
7. Kincumber NSW
- Price growth down 13.8% in last 12 months
- Median house price: $1,000,000
- Median unit price: $620,000
If you’re seeking a blend of affordability and charm in the Central Coast, Kincumber might just be your hidden gem. This suburb offers a delightful mix of community warmth and scenic beauty.
Not only does Kincumber provide a lovely community but the drop in property prices in this Central Coast suburb also provides attractive property values compared to its neighboring areas. In essence, Kincumber encapsulates the perfect suburban dream without breaking the bank.
Check out more properties for sale in Kincumber.
8. Wyong NSW
- Price growth down 8.2% in last 12 months
- Median house price: $750,000
- Median unit price: $499,000
While Wyong, a suburb in New South Wales, Australia, isn’t the most affordable place to live out of the Central Coast, the median house price in Wyong is $750,000, which is well below the Sydney median of $1.3 million. The median unit price in Wyong is $499,000, which is also below the Sydney median of $818,000.
On top of that, the price growth is down 8.2% in the last 12 months meaning it could be a good time to invest in a property in Wyong.
Wyong is a relatively large suburb, with a population of over 35,000 people. This means that there is a good supply of housing available, which helps to keep prices down.
Wyong is also a relatively well-developed suburb, with good schools, shops, and transport links. This makes it an attractive place to live, even for people who work in Sydney.
Check out more properties for sale in Wyong.
9. Avoca Beach NSW
- Price growth down 17.3% in last 12 months
- Median house price: $1,397,500
- Median unit price: $1,397,500
Avoca Beach is a popular beachside suburb on the Central Coast of New South Wales, Australia. It is known for its beautiful beaches, laid-back atmosphere, and family-friendly environment.
While Avoca Beach isn’t the most affordable place to live on the Central Coast, this may be a good time to enter the local property market. The price growth for Avoca Beach has gone down 17.3%.
Avoca Beach is a relatively small suburb, with a population of just over 3,000 people. This means that there is a limited supply of housing available, which can bring prices up. If you’ve had your eye on a coastal suburb, this could be your chance.
Check out more properties for sale in Avoca Beach.
10. Terrigal NSW
- Price growth down 7.8% in last 12 months
- Median house price: $1,457,000
- Median unit price: $1,105,000
Terrigal isn’t the cheapest suburb to live on the Central Coast but the Terrigal house prices are dropping by 7.8%!
Why has the property price in this Central Coast suburb taken a dip? One potential culprit might be the rising interest rates, which have squeezed how much people can borrow. Such financial shifts have notably impacted upscale suburbs just like Terrigal and Avoca Beach.
Check out more properties for sale in Terrigal.
More on Central Coast suburbs
What are the suburbs in Central Coast?
There are over 100 suburbs in the Central Coast region of New South Wales, Australia. Some of the most popular suburbs include:
- Avoca Beach
- Erina
- Gosford
- Terrigal
- Toukley
- Tuggerah
- Umina Beach
- Woy Woy
What is the richest suburb in the Central Coast?
The richest suburb in the Central Coast is Holgate. The median house price in Holgate is over $2.6 million. Holgate is a popular suburb for wealthy families and retirees, due to its beautiful scenery, large properties, and proximity to Terrigal Beach.
Check out our review of the Central Coast property market to understand the local scene before making your decision.
Where is a nice place to live on the Central Coast?
There are many nice places to live on the Central Coast, depending on your lifestyle and preferences. Some popular options include:
- Beachside suburbs: Avoca Beach, Copacabana, Terrigal, Wamberal
- Lakeside suburbs: Budgewoi, Hamlyn Terrace, Toukley
- Family-friendly suburbs: Erina, Gosford, Woy Woy
- Rural suburbs: Holgate, Matcham, Pearl Beach
What are the largest suburbs in the Central Coast?
The largest suburbs in the Central Coast region are:
- Tuggerah
- Gosford
- Wyong
- Erina
- Woy Woy
These suburbs are all home to large shopping centres, employment hubs, and transport links. They are also popular suburbs for families, retirees, and professionals.
