Slight increase in house prices
Median house prices on the Peninsula have risen slightly over the past six months, according to Australian Property Monitors.
Woy Woy, Blackwall and Ettalong Beach have experienced a minor increase in value from January to July this year.
Woy Woy experienced the highest rise in value, with a three per cent increase since the start of the year.
According to data obtained from Australian Property Monitors, the median house price in Woy Woy was set at $310,000 in July compared to $300,000 six months prior.
However, the average number of days Woy Woy properties were on the market for has risen by 20 days.
Recent sales for the area reported to Australian Property Monitors included a house in Dunalban Ave that sold for $345,000 and one in Watkin Ave that went for $367,000.
Similarly, the median house price in Ettalong Beach has risen two per cent since the beginning of the year.
The median house price in Ettalong Beach was $320,000 in January compared to $325,000 in July.
The average number of days houses in the suburb were on the market has risen slightly by only five days.
Sales reported in the area last month include Karingi St for $470,000 and Burrawang St for $380,000.
In contrast, the average price of housing in Umina has not changed and remains at $330,000 over the past six months.
However, the average number of days a property has been on the market has risen by 38 days.
Blackwall has experienced a slight increase in the average price of housing from $350,000 in January to $355,000 in July.
Meanwhile, median house prices in the Central Coast region has risen by three per cent from $325,000 in January to $335,000 in July.
Website, 3 Sep 2009
Australian Property Monitors