Jan Bonde: Central Coast prices, lifestyle appeal to mainlanders


information, local-news, Tasmania, Central Coast, property, home costs, Jan Bonde

Climate, lifestyle and property costs are among the explanation why mainlanders transfer to Central Coast, Mayor Jan Bonde says. Central Coast home costs grew a lot quicker than common wages between 1996 and 2018, evaluation of Real Estate Institute of Tasmania figures confirmed. Price progress exceeded common wages progress by 118 per cent at Ulverstone, 120 per cent at West Ulverstone, 79 per cent at Turners Beach and 202 per cent at Penguin. However, Cr Bonde stated some new residents stated native costs being decrease than mainland costs was a consider shifting to Tasmania, and a few cited lifestyle or local weather. “They are selling a property over there and finding they can purchase something here much greater for the same value, or with extra land,” Cr Bonde stated. “I’ve noticed quite a lot of people moving here from the mainland, or looking for somewhere to settle here.” She stated Central Coast had a number of housing growth in latest instances, and it appeared to have elevated prior to now six months. She stated maybe a lot of the growth was infill work, akin to flattening homes and placing in models, or including models to current properties. Housing provide is likely one of the elements in property value motion. Cr Bonde stated the council was planning a small subdivision of council land at Dial Rd, Penguin. “We’re certainly looking at selling off excess residential land,” she stated. She stated the municipality had different parcels of land, not essentially council-owned, being thought of for subdividing. The council’s Dial Rd subdivision is predicted to be about 18 heaps. The median home sale value at Penguin elevated from $85,000 in 1996 to $356,500 in 2018.

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