Land values in the Central Coast local government area
Hunter region
General overview
There was a strong increase in land values in the Central Coast local government area between 2017 and 2018. The increase in land values was consistent across all market segments.
The land value increases were largely driven by strong local demand and competition from out of area buyers, and affordability of land compared with the nearby Sydney market for similar property. Another significant driver was the main road upgrades improving access and commuter times to Sydney and throughout the region. The Pacific Highway to Wyong Rd upgrade at Tuggerah was completed this year, with the upgrade through Lisarow to Ourimbah near complete.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $43,103,662,861 | $48,334,666,331 | 12.1% |
| Commercial | $1,499,011,720 | $1,660,470,510 | 10.8% |
| Industrial | $882,057,210 | $1,077,638,510 | 22.2% |
| Rural | $1,355,143,400 | $1,497,874,300 | 10.5% |
| Other | $4,112,160,391 | $4,609,804,683 | 12.1% |
| Total | $50,952,035,582 | $57,180,454,334 | 12.2% |
Number of properties by zone
Total number of properties: 126,219
Residential land values
Residential overview
There was a strong increase in residential land values across the Central Coast. Increases were driven by the commuting proximity to Sydney, with relative affordability allowing owners and investors to move from Sydney to enter the market, placing competitive pressure on local buyers and supporting the increases in land values.
The development of land in new housing estates continued to provide a low base for entry level buyers, while there was high demand for a limited supply of homes for sale in established areas.
Residential land values in Mardi, Lisarow, Woy Woy and The Entrance generally remained steady, while localities of Davistown, Wamberal, Patonga, Noraville, Norah Head, Blue Bay waterfront and Toowoon Bay showed a slight increase. These areas generally experienced land value increases in prior years with market conditions slowing.
Median land values and sale prices
The above chart shows movement in the property market and land values over a five year period. In areas where there are a low number of sales, median sale prices may not accurately reflect the property market. Land values may not always move directly in line with sale prices due to the influence of other factors, such as building costs.
Typical residential land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Avoca Dr, Avoca Beach | $1,420,000 | $1,600,000 | 12.7% |
| Avoca Dr, Avoca Beach | $3,190,000 | $3,668,000 | 15.0% |
| Fairscene Cres, Avoca Beach | $1,024,000 | $1,180,000 | 15.2% |
| Ridgway Rd, Avoca Beach | $435,000 | $467,000 | 7.4% |
| The Round Dr, Avoca Beach | $735,000 | $850,000 | 15.7% |
| Belford Ave, Bateau Bay | $365,000 | $410,000 | 12.3% |
| Lady Penrhyn Cl, Bateau Bay | $350,000 | $385,000 | 10.0% |
| Oceanside Cl, Bateau Bay | $445,000 | $512,000 | 15.1% |
| Mariners Pl, Bensville | $370,000 | $436,000 | 17.8% |
| Colleen St, Berkeley Vale | $330,000 | $363,000 | 10.0% |
| Lakedge Ave, Berkeley Vale | $500,000 | $540,000 | 8.0% |
| Cedar Cres, Blackwall | $1,264,000 | $1,420,000 | 12.3% |
| Bay Rd, Blue Bay | $665,000 | $700,000 | 5.3% |
| Currawong St, Blue Bay | $770,000 | $920,000 | 19.5% |
| Ocean Pde, Blue Bay | $1,800,000 | $1,800,000 | 0.0% |
| Birdwood Dr, Blue Haven | $198,000 | $254,000 | 28.3% |
| Lady Laurel Dr, Blue Haven | $224,000 | $252,000 | 12.5% |
| Kewalo Ave, Budgewoi | $247,000 | $278,000 | 12.6% |
| Laelana Ave, Budgewoi | $245,000 | $262,000 | 6.9% |
| Elouera Ave, Buff Point | $254,000 | $281,000 | 10.6% |
| Kantara Rd, Canton Beach | $296,000 | $331,000 | 11.8% |
| Nurses Rd, Central Mangrove | $297,000 | $314,000 | 5.7% |
| Lloyd Ave, Chain Valley Bay | $387,000 | $409,000 | 5.7% |
| Trevally Ave, Chain Valley Bay | $206,000 | $233,000 | 13.1% |
| Carinya St, Charmhaven | $228,000 | $247,000 | 8.3% |
| Geoffrey Rd, Chittaway Point | $310,000 | $330,000 | 6.5% |
| Del Monte Pl, Copacabana | $1,110,000 | $1,220,000 | 9.9% |
| Ensenada Rd, Copacabana | $450,000 | $504,000 | 12.0% |
| Daley Ave, Daleys Point | $347,000 | $432,000 | 24.5% |
| Daley Ave, Daleys Point | $882,000 | $997,000 | 13.0% |
| Magnolia Ave, Davistown | $420,000 | $441,000 | 5.0% |
| Malinya Rd, Davistown | $645,000 | $774,000 | 20.0% |
| Russell St, East Gosford | $555,000 | $660,000 | 18.9% |
| Sullens Ave, East Gosford | $277,000 | $300,000 | 8.3% |
| Rickard Rd, Empire Bay | $350,000 | $380,000 | 8.6% |
| Shelly Beach Rd, Empire Bay | $590,000 | $760,000 | 28.8% |
| Bronzewing Dr, Erina | $397,000 | $428,000 | 7.8% |
| Bronzewing Dr, Erina | $390,000 | $460,000 | 18.0% |
| Ridge St, Ettalong Beach | $465,000 | $506,000 | 8.8% |
| The Esplanade , Ettalong Beach | $1,050,000 | $1,240,000 | 18.1% |
| Boos Rd, Forresters Beach | $475,000 | $575,000 | 21.1% |
| Kalakau Ave, Forresters Beach | $1,250,000 | $1,700,000 | 36.0% |
| Lillygrove Lane, Fountaindale | $720,000 | $805,000 | 11.8% |
| Bundeena Rd, Glenning Valley | $335,000 | $355,000 | 6.0% |
| Dalnott Rd, Gorokan | $226,000 | $290,000 | 28.3% |
| Gilbert Ave, Gorokan | $978,000 | $1,120,000 | 14.5% |
| Lett St, Gorokan | $335,000 | $380,000 | 13.4% |
| Manuka Pde, Gorokan | $252,000 | $281,000 | 11.5% |
| Erina St, Gosford | $495,000 | $570,000 | 15.2% |
| Gertrude St, Gosford | $342,000 | $410,000 | 19.9% |
| Henry Parry Dr, Gosford | $632,000 | $720,000 | 13.9% |
| Bayside Dr, Green Point | $750,000 | $799,000 | 6.5% |
| Henzel Rd, Green Point | $353,000 | $400,000 | 13.3% |
| Gamban Rd, Gwandalan | $486,000 | $522,000 | 7.4% |
| Winbin Cres, Gwandalan | $210,000 | $252,000 | 20.0% |
| Sunrise Ave, Halekulani | $394,000 | $425,000 | 7.9% |
| Pacific Hwy, Hamlyn Terrace | $1,500,000 | $1,950,000 | 30.0% |
| Stan Johnson Dr, Hamlyn Terrace | $260,000 | $312,000 | 20.0% |
| Warnervale Rd, Hamlyn Terrace | $1,900,000 | $2,700,000 | 42.1% |
| Heath Rd, Hardys Bay | $566,000 | $640,000 | 13.1% |
| Holloway Dr, Jilliby | $585,000 | $625,000 | 6.8% |
| Stanley St, Kanwal | $215,000 | $259,000 | 20.5% |
| Walker Ave, Kanwal | $253,000 | $276,000 | 9.1% |
| Kuch Pl, Kariong | $356,000 | $389,000 | 9.3% |
| Daniel Cl, Killarney Vale | $1,500,000 | $1,730,000 | 15.3% |
| Garland Ave, Killarney Vale | $350,000 | $378,000 | 8.0% |
| Shortland Ave, Killarney Vale | $350,000 | $378,000 | 8.0% |
| Pauline Ave, Killcare Heights | $435,000 | $522,000 | 20.0% |
| Wards Hill Rd, Killcare Heights | $872,000 | $959,000 | 10.0% |
| Davies St, Kincumber | $1,300,000 | $1,430,000 | 10.0% |
| Kanimbla Cl, Kincumber | $340,000 | $374,000 | 10.0% |
| Glenrock Pde, Koolewong | $333,000 | $384,000 | 15.3% |
| Christopher Cres, Lake Haven | $252,000 | $271,000 | 7.5% |
| Anita Ave, Lake Munmorah | $359,000 | $390,000 | 8.6% |
| Annabel Ave, Lake Munmorah | $248,000 | $272,000 | 9.7% |
| Elizabeth Bay Dr, Lake Munmorah | $520,000 | $570,000 | 9.6% |
| Fay St, Lake Munmorah | $244,000 | $293,000 | 20.1% |
| Terence Ave, Lake Munmorah | $330,000 | $360,000 | 9.1% |
| Woodview Ave, Lisarow | $325,000 | $325,000 | 0.0% |
| Gilbert St, Long Jetty | $445,000 | $535,000 | 20.2% |
| Surf St, Long Jetty | $360,000 | $410,000 | 13.9% |
| Surf St, Long Jetty | $505,000 | $545,000 | 7.9% |
| Waterview St, Long Jetty | $460,000 | $515,000 | 12.0% |
| Lakeside Dr, Macmasters Beach | $1,350,000 | $1,390,000 | 3.0% |
| Newell Rd, Macmasters Beach | $517,000 | $590,000 | 14.1% |
| Campbell Pde, Mannering Park | $210,000 | $269,000 | 28.1% |
| Kenilworth St, Mannering Park | $199,000 | $247,000 | 24.1% |
| Macquarie Rd, Mannering Park | $435,000 | $470,000 | 8.1% |
| Tea Tree Pl, Mardi | $390,000 | $390,000 | 0.0% |
| Woodbury Park Dr, Mardi | $330,000 | $330,000 | 0.0% |
| Point Rd, Mooney Mooney | $527,000 | $569,000 | 8.0% |
| Carrington St, Narara | $375,000 | $411,000 | 9.6% |
| Strand Ave, Narara | $294,000 | $315,000 | 7.1% |
| Delaware Rd, Niagara Park | $254,000 | $290,000 | 14.2% |
| Bundara Rd, Noraville | $300,000 | $320,000 | 6.7% |
| Roslyn Pl, Noraville | $1,150,000 | $1,200,000 | 4.4% |
| Lake Shore Dr, North Avoca | $360,000 | $414,000 | 15.0% |
| North Avoca Pde, North Avoca | $946,000 | $1,040,000 | 9.9% |
| North Avoca Pde, North Avoca | $2,465,000 | $2,835,000 | 15.0% |
| Kirkness Ave, North Gosford | $266,000 | $317,000 | 19.2% |
| Albert St, Ourimbah | $300,000 | $335,000 | 11.7% |
| Robert Holl Dr, Ourimbah | $350,000 | $392,000 | 12.0% |
| Bay St, Patonga | $557,000 | $646,000 | 16.0% |
| Patonga St, Patonga | $995,000 | $1,040,000 | 4.5% |
| Amethyst Ave, Pearl Beach | $655,000 | $740,000 | 13.0% |
| Coral Cres, Pearl Beach | $2,955,000 | $3,100,000 | 4.9% |
| Manooka Rd, Point Clare | $361,000 | $406,000 | 12.5% |
| Albany St, Point Frederick | $596,000 | $637,000 | 6.9% |
| Albany St, Point Frederick | $1,140,000 | $1,250,000 | 9.7% |
| St Leonards St, Rocky Point | $242,000 | $273,000 | 12.8% |
| Kallaroo Rd, San Remo | $230,000 | $251,000 | 9.1% |
| Broadwater Dr, Saratoga | $490,000 | $539,000 | 10.0% |
| Patrick Cres, Saratoga | $356,000 | $395,000 | 11.0% |
| Digby Rd, Springfield | $314,000 | $345,000 | 9.9% |
| Marina View Pde, St Huberts Island | $445,000 | $489,000 | 9.9% |
| Salacia Cl, St Huberts Island | $780,000 | $878,000 | 12.6% |
| Boat Harbour Cl, Summerland Point | $251,000 | $285,000 | 13.6% |
| Warrina Ave, Summerland Point | $223,000 | $254,000 | 13.9% |
| Wolseley Ave, Tacoma | $405,000 | $455,000 | 12.4% |
| Victory Pde, Tascott | $770,000 | $963,000 | 25.1% |
| Anchorage Cres, Terrigal | $400,000 | $510,000 | 27.5% |
| Kings Ave, Terrigal | $1,430,000 | $1,800,000 | 25.9% |
| Marlborough Cl, Terrigal | $425,000 | $493,000 | 16.0% |
| Ogilvie St, Terrigal | $920,000 | $1,050,000 | 14.1% |
| Scenic Hwy, Terrigal | $425,000 | $535,000 | 25.9% |
| Whiting Ave, Terrigal | $675,000 | $750,000 | 11.1% |
| Tuggerah Pde, The Entrance | $360,000 | $400,000 | 11.1% |
| Bondi Rd, The Entrance North | $475,000 | $536,000 | 12.8% |
| Terilbah Pl, The Entrance North | $475,000 | $450,000 | -5.3% |
| Jones Ave, Toukley | $288,000 | $314,000 | 9.0% |
| Main Rd, Toukley | $451,000 | $495,000 | 9.8% |
| Tuggerawong Rd, Tuggerawong | $364,000 | $406,000 | 11.5% |
| Bates Cl, Tumbi Umbi | $707,000 | $800,000 | 13.2% |
| Roberta St, Tumbi Umbi | $310,000 | $335,000 | 8.1% |
| Nelson St, Umina Beach | $349,000 | $436,000 | 24.9% |
| Priestman Ave, Umina Beach | $368,000 | $399,000 | 8.4% |
| Stella Rd, Umina Beach | $372,000 | $405,000 | 8.9% |
| The Esplanade , Umina Beach | $1,467,000 | $1,470,000 | 0.2% |
| The Sanctuary , Umina Beach | $365,000 | $387,000 | 6.0% |
| Settlement Dr, Wadalba | $243,000 | $270,000 | 11.1% |
| Wagstaffe Ave, Wagstaffe | $1,321,000 | $1,500,000 | 13.6% |
| Coreen Dr, Wamberal | $497,000 | $522,000 | 5.0% |
| Ocean View Dr, Wamberal | $1,953,000 | $2,148,000 | 10.0% |
| Old Gosford Rd, Wamberal | $715,000 | $751,000 | 5.0% |
| Fishburn Cres, Watanobbi | $205,000 | $250,000 | 22.0% |
| The Grove , Watanobbi | $220,000 | $244,000 | 10.9% |
| Batley St, West Gosford | $455,000 | $540,000 | 18.7% |
| Henry Kendall St, West Gosford | $350,000 | $490,000 | 40.0% |
| Noble Ct, Woongarrah | $231,000 | $249,000 | 7.8% |
| Wakool Cres, Woongarrah | $259,000 | $288,000 | 11.2% |
| Burge Rd, Woy Woy | $838,000 | $838,000 | 0.0% |
| Florida Ave, Woy Woy | $352,000 | $414,000 | 17.6% |
| Paton St, Woy Woy | $374,000 | $459,000 | 22.7% |
| Rawson Rd, Woy Woy | $756,000 | $794,000 | 5.0% |
| Woy Woy Bay Rd, Woy Woy Bay | $345,000 | $385,000 | 11.6% |
| Orange Pde, Wyoming | $286,000 | $309,000 | 8.0% |
| Boyce Ave, Wyong | $248,000 | $277,000 | 11.7% |
| Howarth St, Wyong | $326,000 | $375,000 | 15.0% |
| Robinvale Lane, Yarramalong | $340,000 | $390,000 | 14.7% |
Commercial land values
Commercial overview
There was a strong increase in commercial land values in the Central Coast local government area. This can be supported with reference to continuing low interest rates, increased demand, improved returns and rents. State and Federal government support in the region, including infrastructure spending on roads, near completion of major capital works in building new Gosford hospital and government service relocation, tax office, have encouraged increased confidence in this market.
Exceptions to strong increase include two high profile tourist destinations, Terrigal and The Entrance, and two local high profile retail locations Erina and East Gosford which showed a slight increase in land values. The features consistent of this group has been, tightly held ownership, consistent growth over a longer period, and as a generalisation historically strong value levels and returns.
Typical commercial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Avoca Dr, Avoca Beach | $730,000 | $760,000 | 4.1% |
| Lakedge Ave, Berkeley Vale | $265,000 | $336,000 | 26.8% |
| Scenic Dr, Budgewoi | $257,000 | $285,000 | 10.9% |
| Chittaway Rd, Chittaway Bay | $577,000 | $635,000 | 10.1% |
| Copacabana Dr, Copacabana | $946,000 | $1,040,000 | 9.9% |
| Wells St, East Gosford | $330,000 | $350,000 | 6.1% |
| The Entrance Rd, Erina | $1,328,000 | $1,400,000 | 5.4% |
| The Entrance Rd, Erina | $4,880,000 | $4,960,000 | 1.6% |
| Broken Bay Rd, Ettalong Beach | $693,000 | $762,000 | 10.0% |
| Wallarah Rd, Gorokan | $290,000 | $350,000 | 20.7% |
| Watt St, Gosford | $450,000 | $480,000 | 6.7% |
| Wyong Rd, Killarney Vale | $300,000 | $358,000 | 19.3% |
| Willesee Cres, Kincumber | $758,000 | $758,000 | 0.0% |
| Lake Haven Dr, Lake Haven | $17,000,000 | $18,700,000 | 10.0% |
| The Entrance Rd, Long Jetty | $337,000 | $443,000 | 31.5% |
| The Entrance Rd, Long Jetty | $350,000 | $460,000 | 31.4% |
| Vales Rd, Mannering Park | $165,000 | $190,000 | 15.2% |
| Washington Ave, Niagara Park | $1,060,000 | $1,170,000 | 10.4% |
| Pacific Hwy, Ourimbah | $220,000 | $240,000 | 9.1% |
| Brisbane Water Dr, Point Clare | $472,000 | $520,000 | 10.2% |
| Village Rd, Saratoga | $345,000 | $380,000 | 10.1% |
| Somersby Falls Rd, Somersby | $310,000 | $368,000 | 18.7% |
| Campbell Cres, Terrigal | $1,160,000 | $1,200,000 | 3.5% |
| Victoria Ave, The Entrance | $477,000 | $500,000 | 4.8% |
| Main Rd, Toukley | $290,000 | $325,000 | 12.1% |
| Anzac Rd, Tuggerah | $410,000 | $504,000 | 22.9% |
| Lake Rd, Tuggerah | $244,000 | $270,000 | 10.7% |
| Reliance Dr, Tuggerah | $930,000 | $1,140,000 | 22.6% |
| Trafalgar Ave, Umina Beach | $388,000 | $475,000 | 22.4% |
| Edward Stinson Ave, Wadalba | $930,000 | $1,010,000 | 8.6% |
| The Entrance Rd, Wamberal | $360,000 | $380,000 | 5.6% |
| Central Coast Hwy, West Gosford | $956,000 | $1,000,000 | 4.6% |
| Fielder St, West Gosford | $350,000 | $380,000 | 8.6% |
| Blackwall Rd, Woy Woy | $487,000 | $585,000 | 20.1% |
| North Cres, Wyoming | $131,000 | $150,000 | 14.5% |
| Pacific Hwy, Wyoming | $520,000 | $545,000 | 4.8% |
| Margaret St, Wyong | $320,000 | $370,000 | 15.6% |
Industrial land values
Industrial overview
There was a strong increase in land values for industrial land in the Central Coast local government area, driven by low interest rates, increased demand, and improved returns and higher rents that continued to support the increased land values across this segment. This segment offers increased affordability over the Sydney market equivalent and good proximity to the major road link M1.
The exception to the strong increase has been the very strong increase recorded in the Tuggerah location. Features of this location include proximity to M1 and local main road Pacific Highway, a centralised location within the Central Coast region. These features make the location highly accessible from within and from outside the region.
Typical industrial land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Bon-Mace Cl, Berkeley Vale | $305,000 | $362,000 | 18.7% |
| Corella Cl, Berkeley Vale | $534,000 | $655,000 | 22.7% |
| Tooheys Rd, Bushells Ridge | $240,000 | $285,000 | 18.8% |
| O'Hart Cl, Charmhaven | $440,000 | $523,000 | 18.9% |
| David St, Doyalson | $290,000 | $344,000 | 18.6% |
| Bonnal Rd, Erina | $625,000 | $688,000 | 10.1% |
| Birru Rd, Gosford | $190,000 | $247,000 | 30.0% |
| Parraweena Rd, Gwandalan | $685,000 | $810,000 | 18.3% |
| Mountain Rd, Halloran | $800,000 | $950,000 | 18.8% |
| Cochrone St, Kincumber | $455,000 | $592,000 | 30.1% |
| Awaba St, Lisarow | $775,000 | $853,000 | 10.1% |
| Kowan St, Mooney Mooney | $86,000 | $95,000 | 10.5% |
| Pacific Hwy, Ourimbah | $335,000 | $450,000 | 34.3% |
| Somersby Falls Rd, Somersby | $590,000 | $767,000 | 30.0% |
| Ace Cres, Tuggerah | $335,000 | $515,000 | 53.7% |
| Gibbens Rd, West Gosford | $600,000 | $780,000 | 30.0% |
| Mutu St, Woy Woy | $349,000 | $384,000 | 10.0% |
| Glennie St, Wyoming | $260,000 | $299,000 | 15.0% |
| Pavitt Cres, Wyong | $540,000 | $637,000 | 18.0% |
Rural land values
Rural overview
There was a strong increase in rural land values across the Central Coast local government area. This market segment was dominated by lifestyle rural-residential supply and demand. There was high demand and strong increases in land values for rural-residential land along the coastal strip and on Hawkesbury River, and for land for hobby farms, horses, poultry, orchards and market gardens.
Accessibility to the Sydney–Newcastle freeway and value for money compared with the nearby Sydney market also increased demand for this type of property from out of area buyers.
The exception to this trend has been the hinterland locations of Kulnura, Central Mangrove and Mangrove Mountain, where the trend has been for a slight increase. These properties are located the most distant from coastal locations and the M1.
Typical rural land values
| Address | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Dooralong Rd, Dooralong | $660,000 | $740,000 | 12.1% |
| Dicksons Rd, Jilliby | $564,000 | $630,000 | 11.7% |
| Old Maitland Rd, Kangy Angy | $690,000 | $770,000 | 11.6% |
| Finns Rd, Kulnura | $770,000 | $909,000 | 18.1% |
| George Downes Dr, Kulnura | $610,000 | $671,000 | 10.0% |
| Walkers Ridge Rd, Kulnura | $550,000 | $578,000 | 5.1% |
| Waratah Rd, Mangrove Mountain | $685,000 | $700,000 | 2.2% |
| Pacific Hwy, Mount White | $531,000 | $611,000 | 15.1% |
| Elmo St, Ourimbah | $715,000 | $800,000 | 11.9% |
| Peats Ridge Rd, Peats Ridge | $855,000 | $941,000 | 10.1% |
| Acacia Rd, Somersby | $798,000 | $918,000 | 15.0% |
| Goldsmith Rd, Somersby | $600,000 | $702,000 | 17.0% |
| Yarramalong Rd, Wyong Creek | $660,000 | $740,000 | 12.1% |
Added value of improvement tables
The added value of improvement tables show dollar values per square metre for the added value of improvements for the main residential property types in a local government area. It is the value the improvements add to the value of the land as demonstrated by the analysis of property sales.