The pandemic property boom has seen the price of luxury homes rise steeply on the Central Coast, with 2022 seeing premium properties surpass the $10 million mark.
Prestige property specialist Cathy Baker, principal of Belle Property Central Coast, has confirmed that ‘Agave’ at 6 Bulkara Street Wagstaffe, has sold above expectations. The buyer and sale price are not being disclosed, but the property has been confirmed as exceeding the price guide of $13.5 million, making it the most expensive home on the Central Coast.
The recent sale of ‘Agave’ has exceeded expectations.
Mrs Baker is known for her expertise in the luxury market, having set many benchmark sales across the Central Coast with five record results to her name. In December 2021, she sold a Toowoon Bay property for more than $9 million, setting a beachfront record for the Central Coast. With more Sydneysiders choosing to invest in the region, the luxury market has moved dramatically with pricing now on par with those of Northern Beaches suburbs including Palm Beach, Whale Beach, Avalon and Bilgola Beach.
Over the coming weeks, Mrs Baker is launching to market several premium properties, including:
- 18 North Avoca Parade, North Avoca through an expression of interest campaign, expected to exceed $13 million and break a suburb record.
- 60 Werrina Parade, Blue Bay, also through an expression of interest campaign, expected to exceed $12 million and break a suburb record.
- 96 Kalakau Avenue, Forresters Beach, also through an expression of interest campaign, expected to exceed $10 million and break a suburb record.
- 5 Bulkara Street, Wagstaffe through an expression of interest campaign, expected to exceed $10 million.
“It is an extraordinary time for the prestige property market on the Central Coast. Between the improved access of the NorthConnex and the flexible work arrangements off the back of the pandemic, the Coast has become a sought-after sea change for many Sydneysiders. Investors and lifestyle buyers alike are seeing the benefits of investing in high-end homes. They can enjoy the lucrative holiday home returns on offer and the impressive capital growth, as well as the chance to spend time out of the city while flexible work arrangements allow a lifestyle change,” Mrs Baker said.
“While there is increasing talk of a shift in the property market in the future, we’re still experiencing unprecedented market conditions across the luxury market due to the pandemic – premium properties are performing at an all-time high. With international borders opening and potential interest rate changes looming, these unique conditions won’t last forever”.
Now is the perfect time to sell. If you’re interested in exploring the market or curious to find out your home’s value, contact luxury property specialist, Cathy Baker for your complimentary lifestyle plan on 0414 241 005.
