February 27, 2017
Central Coast home loan customers enjoy rising values
When it comes to value coupled with potential for impressive capital gains, Central Coast home buyers are well positioned to enjoy it all according to Central Coast mortgage broker Terry Hinchliffe. For tailored advice, give Terry a call on 0459 487 396 or read on to learn more.
As the home buyers and investors are increasingly priced out of the Sydney market, growing numbers of people are turning to the Central Coast to fulfill their property dreams.
The fact is, home affordability is so much better here on the Central Coast, and growing numbers of people realise this, property values on the Central Coast are rapidly heading north.
Some areas have doubled in value
As a guide, in 2012 home prices in Gosford averaged $302,750. Today, just five years later, the average Gosford home value is $700,000. That kind of price growth is exceptional, but in a diverse region like the Central Coast there really is something for everyone.
Houses in Umina for instance have an average value of $616,000, yet greater buying power can be found in Bateau Bay (average $590,000), Niagra Park ($525,000) and Hamlyn Terrace ($588,500).
For first home buyers on the Central Coast, suburbs like Gorokan still offer value buying with house prices averaging around $420,000. And if you’re looking for a lifestyle that combines beautiful beaches with a wealth of shopping and leisure facilities, the Central Coast has it all.
As the price appreciation of Gosford’s property market demonstrates, it pays to act sooner rather than later to secure your patch of the Central Coast property market. A wealth of infrastructure projects around the region including road improvements at Wyong and the ”Gosford Alive” development will only underpin further price rises.
In addition, the interest rate on Central Coast home loans is at record lows. This gives first home buyers, upgraders and investors on the Central Coast more bang for their buck in terms of buying power. So the time to act is now.
If you are unsure about your borrowing power, call me, Terry Hinchliffe, on 0459 487 396 or email me at firstname.lastname@example.org to know exactly what your Central Coast buying budget is. The region is far more affordable than you may realise but chances are it won’t stay that way for long.