Terrigal records NSW's worst five year median price decline: Investar

Terrigal records NSW's worst five year median price decline: Investar
Staff reporterDecember 7, 2020

Terrigal recorded the highest housing median price decline over the past five years in New South Wales, according to Investar’s latest report.

The property investment firm says that over this time period, the median price in Terrigal has declined by 47 percent.

This is followed by nearby beach location, Avoca Beach with 37 percent and then Aberdeen with 21 percent.

Suburb

Postcode

Bedrooms

Current median price

5 year decline

Terrigal

2260

2

$215,000

47%

Avoca Beach

2251

2

$299,000

37%

Aberdeen

2336

3

$235,000

21%

Singleton

2330

5

$520,000

20%

Queanbeyan

2620

2

$309,000

15%

A two bedroom house at 21/2-10 Duffys Road, Terrigal (above) has been listed for sale.

Similarly a two bedroom house at 64/474 Terrigal Drive, Terrigal (below) has been listed for between $180,000 to $190,000.

A two bedroom house at Site 9/474 Terrigal Drive, Terrigal (below) was sold in February this year for $142,500.

Similarly a two bedroom house at 46/2-10 Duffys Road, Terrigal (below) was sold in February this year for $130,000.

Editor's Picks

Adamson No.5 apartments launch with lure of Brighton's Church Street
Private sector leadership unlocks $7 million government funding for vulnerable women's housing
Moorabbin's only new apartment development, Madeline, to complete early next year
The top four apartment developments set to launch on the Sunshine Coast in 2025
First look exclusive: Polycell set sites on new Broadbeach apartment development