Central Coast NSWEconomic profile
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Central Coast Council area

Housing valuation

At June 2016, the Central Coast Council area had a median house valuation of $566,211, $71,322 lower than the median house valuation for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Housing Valuation System

Housing values
Central Coast Council area20162013Change
Housing value (at June)Central Coast Council areaNew South WalesCentral Coast Council area relative to New South WalesCentral Coast Council areaNew South WalesCentral Coast Council area relative to New South Wales2013 to 2016
House--------------
First Quartile$467,387$418,171+11.8%$322,871$331,720-2.7%+$144,516
Median$566,211$637,533-11.2%$384,685$457,239-15.9%+$181,526
Third Quartile$718,948$1,038,768-30.8%$489,189$701,375-30.3%+$229,759
Unit--------------
First Quartile$357,151$422,764-15.5%$239,827$305,938-21.6%+$117,324
Median$417,358$614,575-32.1%$290,957$430,178-32.4%+$126,401
Third Quartile$517,536$811,857-36.3%$350,803$570,847-38.5%+$166,733

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, New South Wales: $811,857 Median, New South Wales: $614,575 First Quartile, New South Wales: $422,764 Third Quartile, New South Wales: $1,038,768 Median, New South Wales: $637,533 First Quartile, New South Wales: $418,171 Third Quartile, Central Coast Council area: $517,536 Median, Central Coast Council area: $417,358 First Quartile, Central Coast Council area: $357,151 Third Quartile, Central Coast Council area: $718,948 Median, Central Coast Council area: $566,211 First Quartile, Central Coast Council area: $467,387
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, New South Wales: $241,010 Median, New South Wales: $184,397 First Quartile, New South Wales: $116,826 Third Quartile, New South Wales: $337,393 Median, New South Wales: $180,294 First Quartile, New South Wales: $86,451 Third Quartile, Central Coast Council area: $166,733 Median, Central Coast Council area: $126,401 First Quartile, Central Coast Council area: $117,324 Third Quartile, Central Coast Council area: $229,759 Median, Central Coast Council area: $181,526 First Quartile, Central Coast Council area: $144,516
Source: Hometrack 2011-2016, Housing Valuation System

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