Robertson & Robertson provide valuation advice to the NSW Valuer General as part of the annual assessment of land values for the Central Coast. These activities provide an opportunity to analyse large volumes of property transaction data. Following is a property market analysis for the Central Coast region.
Sales activity on the Central Coast declined in 2010-11 which follows a period of relatively strong activity related to the post GFC recovery. A significant fall in sales of detached dwellings is a key factor behind the overall decline, however trading has fallen across all categories. Overall sales activity is now back to a level comparable with 2007-08, when the impact of the GFC was at its most severe. These results reflect the phasing out of GFC related government stimulus to the first home buyer segment (and associated multiplier effects) and the tightening of interest rates through 2010.Want to read the rest of this free article? Please login or register to view the full article.