Central Coast NSWEconomic profile
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Central Coast Council area

Housing valuation

At June 2018, Central Coast Council area had a median house valuation of $690,084, $50,360 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 2014-2018, Housing Valuation System

Housing values
Central Coast Council area20182014Change
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 Wales2014 to 2018
House--------------
First Quartile$578,802$498,085+16.2%$363,341$361,802+0.4%+$215,461
Median$690,084$740,444-6.8%$434,138$508,933-14.7%+$255,946
Third Quartile$872,041$1,171,986-25.6%$547,333$799,290-31.5%+$324,708
Unit--------------
First Quartile$423,841$485,261-12.7%$273,433$343,269-20.3%+$150,408
Median$491,484$676,368-27.3%$328,970$496,521-33.7%+$162,514
Third Quartile$607,780$890,202-31.7%$393,397$659,154-40.3%+$214,383

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Central Coast Council area: $607,780 Median, Central Coast Council area: $491,484 First Quartile, Central Coast Council area: $423,841 Third Quartile, Central Coast Council area: $872,041 Median, Central Coast Council area: $690,084 First Quartile, Central Coast Council area: $578,802
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Central Coast Council area: $214,383 Median, Central Coast Council area: $162,514 First Quartile, Central Coast Council area: $150,408 Third Quartile, Central Coast Council area: $324,708 Median, Central Coast Council area: $255,946 First Quartile, Central Coast Council area: $215,461
Source: Hometrack 2014-2018, Housing Valuation System

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