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SQM Research has released the latest Central Coast rental yield results, showing a growing gap between Units and houses.
We have long argued at Mortgage Choice Central Coast that rental yield is a strong indicator of house price value. Low % rental yields can be an indicator of over-inflated value, especially when rental property vacancy rates are low (indicating demand for rentals is high relative to available stock). The current Central Coast rental vacancy rate is rising, but remains relatively low at 1%.
As you can see from the charts below, the median Central Coast rental yields for houses and units are 2.9% and 4.7%, respectively. This gap is large by historical standards. Median house rental yields have been gradually reducing since 2016, when yields exceeded 4%. Median unit rental yields have been remarkably stable, with yields at the same level as in 2016.
Interestingly, a comparison with the Newcastle/Hunter median rental yield for houses reveals a significantly higher rate at 3.6%. In contrast, the unit median is lower than that of the Central Coast at 4.40%.
Could this indicate that Central Coast unit prices are undervalued and house prices are overinflated?
Please call us if you would like to discuss your property investment plans.
Explore trusted real estate agents across the Central Coast to complement your home loan journey with Michael Daniels, your Mortgage Broker Central Coast.
We have just ranked the 47 largest Central Coast suburbs by their median house price growth over the last five years, from May 2020 to the present.
The Average growth rate was 37.71%, which is an extraordinary result. The suburb closest to this average is Umina Beach, which might be the Coast's bellweather suburb to watch.
Most of these results are probably not a big surprise to locals. Here is my take on some of the results:
Copacabana, our growth winner, with a result of 49.78%, has probably benefited more than any other location from the Sydney Laptop migration. As more high-end, professional roles permitted work-from-home arrangements, many Sydney siders chose to live in paradise.
Long Jetty is a textbook case in Urban renewal. The Cafe and restaurant culture created more lifestyle buyers (Demand) in a market with very little development (Supply).
Gwandalan was a sleeper, in my opinion. First home buyers have been price-pushed North, and Gwandalan has been a beneficiary. Watch the northern areas further west for the next wave of first-home buyer booms.
Terrigal has long benefited from Sydney's migration, and Covid-19 has accelerated this trend. A premium suburb with Beaches, Schools, and Erina Fair has contributed to the solid demand.
realestate.com.au recently ranked Green Point as the most searched Central Coast suburb by Sydney people. This is possibly due to the "nearest suburb" feature on property search engines when searching for properties in Terrigal and Avoca. Proximity to the beach, Erina Fair and the Freeway make it an excellent compromise compared to its more expensive neighbours.
Please call us if you would like to discuss these results. Remember the famous quote "Zig while the other Zag".
The median house price on the Central Coast for May 2025 is $1,044,750. Exactly 10 years ago, the median house price was $499,250. Will the median house price double again in 10 years? I would have answered no to that question in 2015, but a combination of general inflation, rising wages and accommodating lending policies (especially during COVID-19) drove the median through the roof. In fact, between mid-2020 and mid-2022, our median rose by 61% from $650,000 to $1,050,000. Fortunately, this median dropped by $100,000 over the following 12 months; however, we are now only $6,000 away from the COVID-19-induced peak. This has been a devastating change for our first home buyers, and predictions of further variable interest rate cuts will likely accelerate house price growth. If you know a potential first-home buyer who would like a maximum purchase price estimate (with no obligation) or a plan to enter the market, we would be grateful for the opportunity to assist them.
We have provided a table showing the median suburb house prices for the 47 largest suburbs for each of the last six months. There has been a slight increase in the average Central Coast Median house price, but the two recent interest rate cuts by the RBA have not yet had a significant impact on house prices.
Twenty-two of the 47 suburbs now have a median house price greater than $1,000,000. The most expensive median house price for any of these suburbs in June 2015 (ten years ago) was Wamberal, with a median price of $752,000. Fast forward 10 years, and there are only four of these suburbs with a median house price below $752,000: Mannering Park, Gorokan, Charm Haven and San Remo.
Mortgage Broker Central Coast Insight: Rising Stamp Duty rates impact home buying decisions. In Sydney, Stamp Duty Has surged 910% since 1990, compared to 548% growth in house prices. NSW exemptions help, but many opt to renovate. Contact Michael Daniels, your Central Coast Mortgage Broker, to compare costs.
The Central Coast ranks 10th in population but has the lowest growth among Australia’s top 25 urban areas. Is this due to a lack of housing or job opportunities? Discuss investment opportunities with Michael Daniels, your Mortgage Broker Central Coast.
Rentvesting grows among first home buyers. Live in urban areas while investing in affordable Central Coast properties. Learn benefits and risks with Michael Daniels, your Central Coast Mortgage Broker. Call 0414255530.
Central Coast rental vacancy is 0.85%, lower than Sydney’s 1.9%. Low supply drives rent increases. Discuss investment options with your Mortgage Broker Central Coast.
Central Coast house prices rose 75% since 2020, peaking at $1,050,000. Compare markets with Michael Daniels, your Central Coast Mortgage Broker.
Peter Ward’s chart highlights Central Coast affordability challenges. Discuss property investment with Michael Daniels, your Mortgage Broker Central Coast.
The Central Coast rental vacancy rate is 0.80%, driving median house rents to $700 per week. Compare mortgage costs with Michael Daniels, your Central Coast Mortgage Broker.
At 1%, Central Coast vacancy rates are historically low, pushing rents higher. Contact your Mortgage Broker Central Coast to explore buying opportunities.
Herron Todd White reports Central Coast houses in "Start of Recovery." Get advice from Michael Daniels, your Central Coast Mortgage Broker.
Central Coast house prices rose 47% since 2020, driven by Sydney’s affordability crisis. Trust Michael Daniels, your Mortgage Broker Central Coast.
Central Coast median house price hit $1,004,713. Follow Mortgage Choice Erina for updates from your Central Coast Mortgage Broker.
Central Coast listings are rising but below pre-COVID levels. Discuss home loans with Michael Daniels, your Mortgage Broker Central Coast.
House prices ($1,309,548) outpace units ($653,752). Contact your Central Coast Mortgage Broker for property planning.
Rising Central Coast rents reflect Sydney demand. Call Michael Daniels, your Mortgage Broker Central Coast, to discuss options.
Big banks predict RBA rate cuts by late 2024. Review your mortgage with Michael Daniels, your Central Coast Mortgage Broker.
Post-COVID vacancy rates rose, but demand persists. Discuss with Michael Daniels, your Mortgage Broker Central Coast.
Stabilising fixed rates signals relief. Compare rates with Michael Daniels, your Central Coast Mortgage Broker.
Central Coast houses are "Starting to Decline." Get advice from Michael Daniels, your Mortgage Broker Central Coast.
Gross rental yields: 4.2% for units, 3% for houses. Plan with Michael Daniels, your Central Coast Mortgage Broker.
Median house price fell to $1,029,958. Utilise equity with Michael Daniels, your Mortgage Broker on the Central Coast.
The median house price is $951,420, down slightly. Contact your Central Coast Mortgage Broker for insights.
Information source for Investment loans.
Information source for Refinance Advice.
Information source for First Home Buyer Advice.
As your trusted Mortgage Broker Central Coast, Michael Daniels offers expert home loan and investment property solutions. Visit us at 425/200 The Entrance Road, Erina NSW 2250 or book a free consultation today!
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