House market shifts off the Peninsula

Most house sales on the Peninsula sandplain have been in the same price bracket over the past six months, while most sales at Empire Bay, Pearl Beach and St Huberts Island have been in higher brackets.

At Empire Bay, the median selling price was 48 per cent higher in the six months to November than in the previous six months.

The median house price was $432,000 in the six months to May and $639,000 in the six months to November.

The median house price for Pearl Beach rose by 15 per cent, from $900,000 in the six months to May, to $1.035 million in the six months to November.

The median house price at Umina rose by only one per cent to $350,000, and by just three per cent at Ettalong Beach to $358,000.

Both Woy Woy and Blackwall remained steady with a median selling price of $330,000 for the 12-month period.

Median house prices for the whole region remained unchanged at around $350,000 for the 12-month period.

At St Huberts Island, in the six months to November, most selling prices were in a higher bracket than the previous six months, with the median selling price increasing by 104 per cent.

The median increased from $545,000 in the six months before May, to $1.113 million in the six months to November.

Statistics were recorded from Australian Property Monitors.

Lyle Stone, 21 Dec 2007