Prestige boom breaks house price records

Coral Crescent, Pearl Beach

A local real estate agency has broken five records in quick succession for the highest ever sales prices achieved for properties in Pearl Beach, Woy Woy, Umina Beach and Patonga.

Coast Realty sold 18a Coral Crescent in Pearl Beach for $8.6M – the Central Coast’s highest ever residential property sale price.

Number 22 Green Point Rd achieved a sale price of $7.7M in Pearl Beach.

In Woy Woy, 59 Waterview St sold for $3.3M as the suburb’s highest ever sale, exceeding the previous record by $400,000.

The highest ever non-beachfront sale in Umina Beach was achieved when 162a Mount Ettalong Rd sold for $3M

The highest ever non-beachfront sale in Patonga was the $2.25M achieved for 21 Patonga St.

162a Mount Ettalong Rd

Director of Coast Realty, Stuart Gan, said people were seeking out a better lifestyle in family-friendly suburbs and by the beach, as opposed to living in the city.

“Gone are the days of having to live in a city for work,” Gan said.

“The picturesque Coast is the perfect location to enjoy all the lifestyle perks of regional living whilst still being close enough to the city for work, commuting and family commitments.

“It isn’t just Sydneysiders cashing in on their city properties and making the move, we have seen huge demand for high-end properties across the board.

“The lifestyle here is a big drawcard for many, but we are also seeing investors wanting to purchase properties to take advantage of the pandemic’s trend to holiday-at-home.

“Even well before the property boom, we have been purposefully setting and resetting highest price records throughout the Central Coast, for over 20 years.

“It isn’t a mistake or luck that we keep breaking every record.

“Prestige properties are a specialty of ours and we are proud to have the highest average sale price of any agency on the Central Coast.”

Source:
Media release, Nov 18
The Ripe Idea

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