Archives

Millennial Househunters lead new rush to the Coast

 

Desperate househunters who cannot afford Sydney’s skyrocketing prices are turning to the Central Coast, where they’re snapping up homes for half the price.

Experts say the lure of the beach is also encouraging millenials – otherwise known as Generation Y – to make the trek north.

“Sydneysiders are being pushed from Sydney by high house prices, but the Central Coast has a lifestyle pull factor,” demographer and social researcher Mark McCrindle said.

“(It’s) now being seen by this next generation – Generation Y – as a place to live, work and raise children, not just to holiday or retire.”

The Central Coast’s median house price is $550,000 – almost half Sydney’s $900,000 figure. ABS data shows the region has had the fourth-largest population growth in the state over the past year.

Central Coast agents say up to 60 per cent of buyers at open homes come from Sydney.

Reproduced in part from article by Jill Stevens of Sunday Telegraph 9.4.2017

Please contact Yeramba Estates to be included in our database for more information about our new subdivision. There will be several larger lots, perfect for investor projects.

Check out our Hamlyn Grove page for more information.