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CENTRAL COAST
REGIONAL SNAPSHOT
2016
Housing Prices Compared to
Sydney/NSW
Analysis of the Central Coast housing prices compared to Greater
Sydney and NSW during the period 2010-2015 by the National
Institute of Economic and Industry Research indicates that
housing prices are considerably lower than Greater Sydney and
NSW. At June 2015, the median house valuation in Central Coast
NSW was $77,997 lower compared to New South Wales and
$373,911 cheaper than Greater Sydney.
National Institute of Economic and Industry Research (NIEIR)
states that housing values are an indicator of the level of demand
for housing in the area, as well as the type of housing available.
Housing demand may be related to the desirability of the area and
proximity to major employment destinations.
To address the lack of housing demand and to improve the
appeal of living on the Central Coast an increase of the housing
supply and variety of housing stock is required. In addition, there
is a requirement to increase the job opportunities and the appeal
of the Central Coast as a business location to increase the
demand for houses and to increase the desirability of the area.
MEDIAN HOUSING VALUE - HOUSES
MEDIAN HOUSING VALUE - UNITS
Sustainable Communities and Population Growth
0
200
400
600
800
1000
New South Wales
Greater Sydney
Central Coast NSW
2015
2014
2013
2012
2011
$ Thousand
0
200
400
600
800
1000
New South Wales
Greater Sydney
Central Coast NSW
2015
2014
2013
2012
2011
$ Thousand
At June 2014, the median
house valuation in Central
Coast NSW was $77,997
lower compared to NSW
and $373,911 cheaper than
greater sydney.
SOURCE:
NIEIR 2016
SOURCE:
NIEIR 2016