Property prices at some hot spots on the New South Wales coast have surged by as much as 15.4% in the past 12 months.
The rapid rise is only part of the story though as although parts of the central coast have boomed, there has been a decline of almost 10% in parts of the mid-North coast.
A report from The Domain Group shows that there has been growing buyer interest in the central coast area as modern lifestyles and working arrangements make it possible to live at the coast and commute to work off-peak, or work from home. Transport infrastructure has also been improved. It is also more affordable than many inner-city areas. The North coast towns that are not performing as well may well see resurgence too though as central coast demand puts prices out of the reach of some buyers.