{"id":34157,"date":"2021-12-03T10:06:52","date_gmt":"2021-12-02T23:06:52","guid":{"rendered":"https:\/\/cms.star1045.com.au\/?p=34157"},"modified":"2021-12-03T10:08:06","modified_gmt":"2021-12-02T23:08:06","slug":"pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021","status":"publish","type":"post","link":"https:\/\/cms.star1045.com.au\/home\/pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021\/","title":{"rendered":"Pearl Beach Block Brought For \u00a378 In The 1920s Sells For $2.5 Million In 2021"},"content":{"rendered":"\n

A Pearl Beach block of land that was brought for \u00a378 pounds in 1928 has sold this year for a whopping $2.5 million .<\/p>\n\n\n\n

The block \u2013 which is now home to a \u201cmodest shack\u201d \u2013 was brought for \u00a378 pounds in 1928 according to the\u00a0Central Coast Express Advocate<\/a>.<\/p>\n\n\n\n

The Emerald Avenue house was passed down through the family before being sold just last month for $2.509 million.<\/p>\n\n\n\n

\"A
The “modest” four bedroom shack in Pearl Beach just sold for a whopping $2.5 million (Credit: realestate.com.au)<\/figcaption><\/figure>\n\n\n\n

Houses going for mega prices is nothing new for the Central Coast, with the property market going from strength over the past year.<\/p>\n\n\n\n

Median house prices across the Central Coast well and truly grown over the past couple of years, with the median house prices in the beachside suburbs of North Avoca, Copacabana, Wamberal and Terrigal through the\u00a0$1 million barrier earlier this year<\/a>.<\/p>\n\n\n\n

Copacabana was the biggest mover and shaker, with property prices in the beachside suburb surging a whopping 68% to a median price of $1.425 million according to data from realestate.com.au<\/a>. <\/p>\n\n\n\n

The median house price in North Avoca has risen from $928,750 to $1.277 million, whilst the median house in Wamberal has risen from $970,000 to $1.160 million. <\/p>\n\n\n\n

It is still statistics in Terrigal, with the median house price rising from $907,500 in February 2020 to $1.018 million in February 2021.<\/p>\n\n\n\n

The Central Coast suburbs joined a list of 54 metropolitan suburbs, with property experts from realestate.com.au expecting this to be the norm for some time, revealing that many suburbs were already reaching the benchmark before the COVID-19 crisis. <\/p>\n\n\n\n

However, the demand for suburbs outside of metropolitan centres shows some of the suburbs might not have reached their million prices without a change in property buyers needs last year according to REA Group Director of Economic Research, Cameron Kusher. <\/p>\n\n\n\n

Mr Kusher added he was surprised at just how rapid some suburbs have grown. <\/p>\n\n\n\n

\u201cJust how rapid the rebound has been is surprising. When prices started rising, it became apparent that higher-priced housing markets were seeing strong growth and more suburbs were going to have that million-dollar price-tag,\u201d Mr Kushner said at the time,\u00a0<\/em><\/p><\/blockquote>\n\n\n\n

\u201cBefore the pandemic there were positive signs that market activity was returning, but we didn\u2019t expect such strong price growth for some time, particularly outside of Sydney.\u201d <\/p>\n\n\n\n

Listen via the Star 104.5 Player, download it now via the <\/em>App Store<\/em><\/a> or <\/em>Google Play<\/em><\/a> and take Star 104.5 wherever you go. <\/em><\/p>\n\n\n\n

Images:\u00a0realestate.com.au \/ Love Central Coast<\/em><\/p>\n\n\n\n

By Bek Lougher <\/em><\/p>\n\n\n\n

SEE MORE:<\/strong> Get Ready To Make A Splash \u2018Cause There Is A Massive Water Park Coming To Lake Macquarie in 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Pearl Beach block of land that was brought for \u00a378 pounds in 1928 has sold this year for a whopping $2.5 million . The block \u2013 which is now home to a \u201cmodest shack\u201d \u2013 was brought for \u00a378 pounds in 1928 according to the\u00a0Central Coast Express Advocate. The Emerald Avenue house was passed […]<\/p>\n","protected":false},"author":9,"featured_media":34160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,13],"tags":[],"geo_market":[],"class_list":["post-34157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-lifestyle"],"yoast_head":"\nPearl Beach Block Brought For \u00a378 In The 1920s Sells For $2.5 Million In 2021 - Star 104.5 Central Coast<\/title>\n<meta name=\"description\" content=\"A block of land at Pearl Beach which was brought for \u00a378 pounds in 1928 has sold for a whopping $2.5 million as the property market continues to surge,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.star1045.com.au\/home\/pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pearl Beach Block Brought For \u00a378 In The 1920s Sells For $2.5 Million In 2021\" \/>\n<meta property=\"og:description\" content=\"A block of land at Pearl Beach which was brought for \u00a378 pounds in 1928 has sold for a whopping $2.5 million as the property market continues to surge,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.star1045.com.au\/home\/pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Star 104.5 Central Coast\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-02T23:06:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-02T23:08:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cms.star1045.com.au\/wp-content\/uploads\/2021\/12\/pearl-beach-love-central-coast.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bek Lougher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bek Lougher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.star1045.com.au\/home\/pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021\/\",\"url\":\"https:\/\/cms.star1045.com.au\/home\/pearl-beach-block-brought-for-78-sells-for-2-5-million-in-2021\/\",\"name\":\"Pearl Beach Block Brought For \u00a378 In The 1920s Sells For $2.5 Million In 2021 - 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