{"id":827,"date":"2019-05-19T00:00:00","date_gmt":"2019-05-18T14:00:00","guid":{"rendered":"https:\/\/cms.star1045.com.au\/uncategorized\/median-house-prices-central-coast-increase-57000\/"},"modified":"2019-05-19T00:00:00","modified_gmt":"2019-05-18T14:00:00","slug":"median-house-prices-central-coast-increase-57000","status":"publish","type":"post","link":"https:\/\/cms.star1045.com.au\/lifestyle\/median-house-prices-central-coast-increase-57000\/","title":{"rendered":"Median house prices on the Central Coast increase by up to $57,000"},"content":{"rendered":"

<\/p>\n

It comes as Sydney prices drop by almost $500,000.\u00a0<\/strong><\/em><\/p>\n

Median house prices in a number of Central Coast suburbs have continued to skyrocket amid the housing market slump, with some suburbs seeing increases of $57,000 in just twelve months.<\/p>\n

According to the Domain House Price Report \u2013 March Quarter 2019<\/em>, the median house price in Avoca Beach has grown by 5.80% resulting in an increase of property prices of $57,000. Since March 2018, median property prices have risen $948,000 to $1,005,000 in the suburb, bucking the national trend of a plummeting housing market.<\/p>\n

Meanwhile, in the north, Budgewoi has grown by 5.10% with property prices increasing from $495,000 to $520,000 \u2013 a total growth of $25,00.<\/p>\n

Bateau Bay also exhibited good growth with a 3.60% increase over the twelve-month period, seeing the coastal suburbs median house prices grow from $683,000 to $710,000.<\/p>\n

Furthermore, areas such as Lake Munmorah, Gwandalan, and North Gosford all saw increases over 2.50% in the last year.<\/p>\n

The increases were surprising to some as median house prices in Sydney continue to drop by almost 20% with over 20 Sydney suburbs exhibiting a median house price drop of 15.6% – 18%.<\/p>\n

Gladesville was the hardest hit percentage wise with prices plummeting 18% from $2,085,000 to $1,710,000 \u2013 a drop of $375,000, while North Bondi saw the biggest price decrease, loosing $482,000 since March last year.<\/p>\n

\u00a0<\/p>\n

SEE ALSO:<\/strong> The best bushwalks on the Central Coast\u00a0<\/a><\/p>\n

\u00a0<\/p>\n

This article is brought to you by Bendigo Bank<\/a>…find your happy place.\u00a0<\/strong><\/em><\/p>\n

<\/a><\/strong><\/em><\/p>\n

\u00a0<\/p>\n

Written by Kate Stevens<\/em><\/p>\n

Images: Getty\u00a0<\/em><\/p>","protected":false},"excerpt":{"rendered":"

It comes as Sydney prices drop by almost $500,000.\u00a0 Median house prices in a number of Central Coast suburbs have continued to skyrocket amid the housing market slump, with some suburbs seeing increases of $57,000 in just twelve months. 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