It comes as Sydney prices drop by almost $500,000.
Median house prices in a number of Central Coast suburbs have continued to skyrocket amid the housing market slump, with some suburbs seeing increases of $57,000 in just twelve months.
According to the Domain House Price Report – March Quarter 2019, the median house price in Avoca Beach has grown by 5.80% resulting in an increase of property prices of $57,000. Since March 2018, median property prices have risen $948,000 to $1,005,000 in the suburb, bucking the national trend of a plummeting housing market.
Meanwhile, in the north, Budgewoi has grown by 5.10% with property prices increasing from $495,000 to $520,000 – a total growth of $25,00.
Bateau Bay also exhibited good growth with a 3.60% increase over the twelve-month period, seeing the coastal suburbs median house prices grow from $683,000 to $710,000.
Furthermore, areas such as Lake Munmorah, Gwandalan, and North Gosford all saw increases over 2.50% in the last year.
The increases were surprising to some as median house prices in Sydney continue to drop by almost 20% with over 20 Sydney suburbs exhibiting a median house price drop of 15.6% – 18%.
Gladesville was the hardest hit percentage wise with prices plummeting 18% from $2,085,000 to $1,710,000 – a drop of $375,000, while North Bondi saw the biggest price decrease, loosing $482,000 since March last year.
SEE ALSO: The best bushwalks on the Central Coast
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Written by Kate Stevens
Images: Getty
