House prices slump

Median house prices on the Peninsula have slumped in the last six months, while house prices in surrounding areas have jumped up to 41 per cent, according to a monitoring company.

Prices on the Peninsula slumped between one per cent at Umina Beach and 13 per cent at Booker Bay.

Meanwhile, prices at Empire Bay rose 25 per cent and at St Huberts Island 41 per cent.

Figures from Australian Property Monitors (APM) showed that Umina Beach experienced a one per cent fall in median house prices, Pearl Beach a three per cent fall, Woy Woy a four per cent fall, Blackwall and Ettalong Beach a five per cent fall and Booker Bay a 13 per cent fall.

However, over the last 10 years, the Peninsula has experienced a greater increase than the Central Coast as a whole, according to APM data.

While the Central Coast as a whole experienced a long-term increase of nine per cent, prices on the Peninsula and in surrounding areas have increased between 9.2 and 25 per cent.

Umina experienced a 9.2 per cent increase, Woy Woy and Booker Bay 9.7 per cent, Ettalong Beach 10.8 per cent, Blackwall 11.7 per cent and Pearl Beach 13.1 per cent, while St Huberts Island increased 11.8 per cent and Empire Bay 25 per cent,.

Con Orfanos, 15 Sept 2007