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 $566,210, $71,323 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$467,386$418,171+11.8%$322,871$331,720-2.7%+$144,515
Median$566,210$637,533-11.2%$384,681$457,239-15.9%+$181,529
Third Quartile$718,949$1,038,768-30.8%$489,187$701,375-30.3%+$229,762
Unit--------------
First Quartile$357,187$422,764-15.5%$239,827$305,938-21.6%+$117,360
Median$417,372$614,575-32.1%$290,965$430,178-32.4%+$126,407
Third Quartile$517,569$811,857-36.2%$350,807$570,847-38.5%+$166,762

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: $517,569 Median, Central Coast Council area: $417,372 First Quartile, Central Coast Council area: $357,187 Third Quartile, Central Coast Council area: $718,949 Median, Central Coast Council area: $566,210 First Quartile, Central Coast Council area: $467,386
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: $166,762 Median, Central Coast Council area: $126,407 First Quartile, Central Coast Council area: $117,360 Third Quartile, Central Coast Council area: $229,762 Median, Central Coast Council area: $181,529 First Quartile, Central Coast Council area: $144,515
Source: Hometrack 2011-2016, Housing Valuation System

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