And it’s not in the south!
Central Coast home-owners and investors have been pleasantly surprised by the most recent growth statistics released this month that show a small beach area has taken out the top spot for the fastest growing suburb in the Central Coast real estate market.
Data from CoreLogic has shown a 39.3% increase in just twelve short months in the small seaside suburb of Blue Bay.
The area, which is situated just under The Entrance to the east, officially became a million-dollar suburb in July 2018, and in 2019 median house prices are sitting at $1.337 million.
Blue Bay now has the fourth highest median house price on the Coast behind Matcham, Mangrove Mountain, and Somersby.
Furthermore, the suburbs performance over the long term has been even more astounding with median house prices rising from $750,000 to $1.337 million in three years – an increase of around $600,000.
Currently, the record for the more expensive home sold is tied between two beachfront homes that both sold for $3.5 million.
SEE ALSO: Two Central Coast suburbs named as most in-demand areas on the Central Coast
This article is brought to you by Bendigo Bank…find your happy place.
Written by Kate Stevens
Images: Getty/Unsplash/Google Maps
