Quote of the week: Central Coast NSW prestige woes
Jonathan ChancellorOctober 27, 2011
- Stuart Gan from PRDnationwide on the NSW Central Coast.
This month he sold a four-bedroom house for $3.3 million at Daleys Point, which he suggests would have sold for $4 million in a good market. Gan told the AFR the lack of overseas money was keeping things flat.
“It’s the high Australian dollar and the absence of the expat dollars. Most of the big deals I do in Pearl Beach are related to expat Australians working in foreign postings,” he says.
Syd Triggs at Herron Todd White valuers Gosford says $3 million-plus Central Coast sales have been few and far between. There have been five this year, which was more than 50% down on the past three years.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
