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Collapse Issue 509:<br />14 Dec 2020<br />_____________Issue 509:
14 Dec 2020
_____________
Collapse  NEWS NEWS
Council cuts $5.6 million in Peninsula projects
Peninsula News - a community effort
Accommodation booked out for holiday season
At 101, Joyce still lives in her own home
Group fears houses on escarpment under new scheme
House prices rise, but some still less than two years ago
Refusal recommended for non-complying application
Patonga visits increase by 21 per cent in July holidays
Channel speed limit introduced for 'the safety of all'
Christmas tree sale attracts unforeseen demand
Two days left for annual Mary Mac's collection
Gifts and food collected for Coast Shelter
Nominations wanted of deserving gift recipients
Community group success 'not impeded' by epidemic
Change room negotiations delay skate park project
Community group sees volunteer participation grow
Death adder found in Umina garden
Church takes bookings for Christmas service
Life members asked to revert to annual membership
'Huge' rewards from re-opening community hall
Garage sale generates $3000 for Men's Shed
Three receive life membership of arboretum
Progress association updates Covid plan
Welcome letters
Organic store opens in Ettalong
Three days' rain make up most of 33.3mm
Collapse  HEALTH HEALTH
Christmas visitor guidelines issued
Back to the Peninsula after 18 weeks in Melbourne
Collapse  ARTS ARTS
Art and craft classes set to resume
Patchwork tutor to have work published in book
Troubadour holds end-of-year concert
Collapse  EDUCATION EDUCATION
New principal named for Umina Beach school
Umina Beach takes out local Deadly Awards
Ag students are in double-bind, says Rotary president
Creating arcade games
Principal encourages reading over the break
Swimming carnival planned for February
Guidelines for new bike riders
Collapse  SPORT SPORT
'Simo' is club's bowler of the year
New Sunday social cycling series starts at Woy Woy
Gold and red point winners
Umina Bunnies appoint junior coaches
Netball representative team selected
Coach and player win awards following grand final win
Bridge club required to buy hot spot and employ cleaner
Cycling group reintroduces assisted tandem rides
Southern Spirit cricket results

House prices rise, but some still less than two years ago

Median house prices in Peninsula suburbs have increased by as much as 13.2 per cent (Umina) and unit prices by as much as 25.6 per cent (Ettalong) since the start of the year.

The median prices, published on realestate.com.au, come from property sales information provided by Property NSW.

The median house price in Umina in November was $750,000 compared to a median price last December of $662,500.

The current median unit price in Ettalong is $653,000 compared to $520,000 at the start of the year.

However, property prices at the start of the year were at a three-year low.

Compared to median prices for 2017 and 2018, current prices represent annual increases of less than two per cent.

In two cases, prices remain below those two or three years ago.

In Ettalong, the current median house price of $765,000 is 8.3 per cent less than 2018 median of $835,000.

In Woy Woy, the current median unit price of $515,000 is 7.2 per cent less than the 2017 median of $555,000.

Umina house prices have risen 1.4 per cent since 2017, from $740,000 to $750,000.

Woy Woy house prices have risen 2.5 per cent since 2017, from a median of $685,000 to $702,500.

Unit prices in Ettalong have risen 4.0 per cent from $628,750 in 2018 to $653,000.

Umina unit prices have risen 3.0 per cent since 2017, from $600,000 to $618,000.

Member for Gosford Ms Liesl Tesch commented: "Property prices, both to rent and to buy, are continuing to rise despite the pandemic, with many Sydneysiders making the move to the Central Coast.

"The Central Coast median house price, according to Domain, has risen by 3.8 per cent in the past quarter, with Ettalong Beach prices rising by 15.1 per cent.

"As a consequence affordable housing is becoming a foreign concept despite the job losses, overall economic downturn, and rising homeless crisis.

"The current affordable housing market is virtually non-existent with prices continuing to rise on the Peninsula."

"I hear too often the struggles locals are facing when it comes to paying their rent or entering into the property market and sadly many of these conversations are with women over the age of 50."

Ms Tesch said if affordable housing was not made more available, older women would be forced on to the streets.

"It is a fact that women over the age of 55 who are engaging in the private rental market have an increased risk of becoming homeless."

The rising property market has forced Sydneysiders to relocate to areas like the Central Coast while locals are being pushed further north.





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