PROPERTY INSIGHT
Luxury
UNLIMITED Belle Property Central Coast principal Cathy Baker looks at what’s driving the rise and rise of the Coast’s prestige property market. It’s no secret that property prices on the Coast have boomed spectacularly over the past couple of years, across all sectors of the real-estate market. And although sales for properties at the mid to low end of the scale are slowing down, demand and prices at the high end continue to soar. A glorious waterfront home at 6 Bulkara Street, Wagstaffe exceeded the $13.5 million price guide and realised more than $15 million when Belle Property Central Coast sold it in February – setting a new record for Central Coast sales. This same home 48
WORDS SALLY MACMILLAN PHOTOGRAPHY JOSEF NALEVANSKY
achieved a record price of $9.5 million in 2020, showing just how much has changed in two years. Another record-breaking sale for Belle Property Central Coast was the three-level, Mark Eastham-designed property in Toowoon Bay. It sold in 2021 for more than $9 million, the highest price ever for a beachfront property on the Coast. Cathy Baker, Belle Property Central Coast principal and a specialist in prestige properties, explains that there are several factors driving the phenomenon.
