Powered by MOMENTUM MEDIA

This Central Coast suburb will remain ‘white hot’ for the rest of the year

By Maja Garaca Djurdjevic 23 July 2021 | 1 minute read

The poster child of the COVID-19 city exodus, Gosford on the Central Coast, is now seeing an uptick in listings, but according to our property experts, it is set to remain one of the tightest markets in regards to inventory levels for the remainder of this year.   

This Central Coast suburb will remain ‘white hot’ for the rest of the year

Gosford is so white hot, that even an increase in listings volumes of 5 to 10 per cent is still not moving the dial,” one half of The Property Nerds, Kent Lardner, said on the pair’s most recent podcast.

Mr Lardner explained that while Gosford was already “hot” prior to COVID, activity climbed to new highs as the capital city exodus exploded mid last year.

But is this activity retainable? 

“What I found in the data was the listings volume ticked up slightly, which is really interesting because one of our theories is that a lot of the markets haven’t really been tested, we need listings levels to come back up to truly see if this is entirely supply-driven or whether it’s a balance between supply and demand.

Advertisement
Advertisement

“What’s happened in Gosford is listings levels have crept up a bit, but inventory levels are still creeping down, so I’m forecasting it to be the tightest market in terms of inventory analysis for the balance of this year,” Mr Lardner said.

In June, Herron Todd White’s property valuer, Todd Beckman, pinpointed Gosford as the number one “hidden gem” of the Central Coast.

Perceived as the central business district of the Central Coast, the suburb features mostly residential unit-style living. 

“Gosford has always been a part of the conversation when talking about future potential growth prospects on the Central Coast.

“[It] is a resilient suburb, and proposed landmark developments continue to be explored,” Mr Beckman said at the time.

The Property Nerds themselves flagged Gosford as the area “most likely” to see exponential growth this year in January.

For more insights from The Property Nerds, check out their latest podcast here.

RELATED TERMS

Remainder

The remainder is a future interest held by a person on a property of another that will be effective upon the expiration of the other property interests created at the same time as the future interest.

About the author

Maja Garaca Djurdjevic

Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of nestegg and Smart Property Investment. Email Maja at Read more



This Central Coast suburb will remain ‘white hot’ for the rest of the year
This Central Coast suburb will remain ‘white hot’ for the rest of the year
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.