Lake Munmorah has made it onto a list of the top 50 “supercharged suburbs” around the nation where home sales volumes have been steadily increasing over more than four consecutive quarters.
More than half of the most supercharged suburbs in the nation are located in NSW, but Lake Munmorah is the only Central Coast suburb to make the list.
The list of the top 50 supercharged suburbs is included in the Hotspotting Price Predictor Index (PPI) Winter Edition.
“History shows that there is a correlation between sales volumes and price movements: the number of sales changes first and then prices react – with a time lag,” Hotspotting Director Terry Ryder said.
“This is true whether markets are rising or falling and means that investors can buy ahead of price growth, by finding locations where sales volumes are rising but prices have not yet moved.”
Hotspotting General Manager Tim Graham said the market resurgence in parts of Sydney and regional NSW began last year, with solid activity being reported in a number of locations.