The property market on the Central Coast is running hot, which is why it\u2019s no surprise two suburbs on the peninsula have been named amongst regional property hotspots.<\/p>\n\n\n\n
Woy Woy and Umina Beach have been named by national property buyer\u2019s agency network BuyersBuyers as two regional property hotspots to keep an eye on over the coming months for would-be buyers.<\/p>\n\n\n\n
The proximity of both suburbs to the Sydney CBD via transport links and increased interest from homebuyers in moving away from apartments in favour of houses has led to an increase in interest in property in both suburbs according to BuyersBuyers.<\/p>\n\n\n\n
Pete Wargent of BuyersBuyers, the property cycle will continue to pick up as COVID-19 restrictions are eased, but he warned buyers will need to act decisively.<\/p>\n\n\n\n
\u201cWe believe there will be more choice for buyers over the coming 3 to 6 months, but as the market for detached homes is still competitive, buyers need to be clear about their strategy and be able to act decisively,\u201d Mr Wargent said.<\/p><\/blockquote>\n\n\n\n
According to data from BuyersBuyers, the median house price for a property in Woy Woy is $850,672, with the area seeing a 30.4% growth over the past 12 months.<\/p>\n\n\n\n
The median house price in Umina Beach is currently sitting at $941,015, with the seaside suburb also seeing a whopping 31.8% rate of growth in the past year.<\/p>\n\n\n\n
Other regional hotspots included Nelson Bay, Ballina and Banora Point in the state\u2019s north and Figtree and Horsley in the state\u2019s south. <\/p>\n\n\n\n
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