Central Coast hotspots uncovered

Traditional holiday markets are faring well, the property group said, benefiting from a “tectonic shift away from capital cities”.

Research by the group has found that Sydney sea changers represent 60 per cent of Central Coast property buyers. 

“Because of COVID, more Australians have realised they can work out of the office for one or two days per week, and thanks to faster internet connectivity, this work can be completed from a home located within a three-hour commute from a capital city, or even much further afield,” said Angus Raine, executive chairman of Raine & Horne. 

Suburbs attracting the most attention, according to Brett Hunter, principal:

1. Terrigal

2. Avoca

3. McMasters Beach

4. Copacabana

“The Central Coast has always been a popular destination for Sydney sea changers. However, the impact of COVID-19 has driven up demand from buyers seeking to move away from the city,” he said.

“Price sweet spots include modern two-bedroom apartments in the Gosford CBD, four-bedroom family homes in Avoca valued between $800,000-$1 million as well as acreages priced between $1 million and $1.5 million.

“Apart from excellent real estate value, the pandemic has allowed more buyers to recognise they can work from home on the Central Coast but still be in Sydney faster for a couple of days of work.”

Mr Hunter added:

“The soon to be completed North Connex will slash the daily door-to-desk commute to and from Sydney by around 30 minutes a day.

“Our region offers city buyers a fantastic coastal lifestyle, while they can sell up in Sydney and downsize to the Central Coast to reduce their mortgage debt. This combination of compelling factors is helping to drive demand for Central Coast property, for sure.”