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Gosford suburb profile

Gosford is a vibrant city located on the Central Coast of New South Wales, approximately 76km north of Sydney. Known for its picturesque waterfront, Gosford offers a blend of urban amenities and natural beauty, making it an appealing destination for residents and visitors alike. The suburb features a bustling commercial centre, with shopping, dining, and entertainment options, as well as access to beautiful parks and beaches. With its strong transport links, including a major train station and proximity to the M1 motorway, Gosford serves as a convenient hub for commuters. Its combination of lifestyle, convenience, and scenic surroundings continues to attract families, professionals, and retirees.

Gosford property market performance

Current median dwelling price$637,750Past 3 months

Property growth+9.5%Past 12 months

Gosford’s property market has shown notable activity over the past 12 months. While house values have seen a marginal growth of 0.3%, the median unit price has increased significantly by 8.9%, reaching $645,000. In the past three months, 75 units were sold compared to just 7 houses, indicating stronger demand for units.

Houses in Gosford are selling relatively quickly, with a median of 22 days on market, while units are taking slightly longer at 32 days, suggesting a vibrant unit market.

The rental market has seen significant growth, with both house and unit rents increasing by 18.2% over the last 12 months, reflecting high demand for rentals in the area.

HousesUnits
Median price
Past 3 months
N/A$720K
Change in value
Past 12 months
9.6%9.4%
Sold
Past 3 months
644
Median days on market
Past 12 months
2231
Average rent
Past 12 months
$660$633
Change in rent
Past 12 months
10.9%15.1%

5 year median price trend for houses and units

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Gosford demographics

Gosford, located on the Central Coast of New South Wales, is a suburb that offers a blend of coastal charm and urban convenience. With a population of 4,873 and a median age of 35, Gosford is home to a diverse community that includes young professionals, families, and retirees. The suburb's proximity to both Sydney and Newcastle makes it an attractive location for those seeking a more relaxed lifestyle while still having access to major city amenities.

The housing landscape in Gosford is predominantly rental-based, with 66.7% of properties being rented. This high rental rate indicates a strong demand for flexible living arrangements, appealing to both transient residents and those who prefer not to commit to home ownership. The suburb's family composition is varied, with couple families without children making up 52.3% of the population, followed by couple families with children at 25.2%, and one-parent families at 19.5%.

Gosford's economy is supported by a mix of local businesses and employment opportunities in nearby cities. The median total household income of $1,421 per week reflects the area's affordability compared to larger metropolitan areas. With its scenic surroundings, including beautiful beaches and national parks, Gosford offers a balanced lifestyle that combines natural beauty with the conveniences of urban living, making it a desirable place for a wide range of residents.

Suburbs near Gosford

Some popular suburbs near Gosford include:

  • North Gosford: Known for its hilly terrain and residential charm, North Gosford is located directly north of Gosford.
  • Point Frederick: Offering waterfront views and a peaceful atmosphere, Point Frederick is situated to the southeast of Gosford.
  • East Gosford: Known for its boutique shops and cafes, East Gosford lies to the east of Gosford.
  • Springfield: Featuring a mix of residential and natural landscapes, Springfield is located to the south of Gosford.
  • Wyoming: Known for its family-friendly environment and local amenities, Wyoming is situated to the northwest of Gosford.

How does Gosford compare to nearby suburbs?

  • Median house prices: Gosford’s median house price is 34.6% lower than North Gosford’s.
  • Median unit prices: Gosford’s median unit price is 11.1% lower than Point Frederick’s.
  • House price growth: Over the past 12 months, house prices in Gosford have grown 29.2% higher than in Point Frederick.
  • Unit price growth: Over the past 12 months, unit prices in Gosford have grown 4.0% higher than in North Gosford.
  • Selling speed for houses: Properties in Gosford are selling 15.4% faster than in North Gosford.
  • Selling speed for units: Properties in Gosford are selling 29.5% faster than in North Gosford.

Choose the right real estate agents in Gosford

Choosing the right real estate agent in Gosford can have a big impact on your sale. While there are 69 real estate agents working in the suburb, but just 5 of them were responsible for 47.9% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.25% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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