While much of Sydney’s property market is on the move, the Central Coast has taken a step back.

Recent data shows Sydney home prices rose 1.5% over the past three months, with a 0.7% gain in August alone — adding over $10,000 in value for the average homeowner.

But the Central Coast saw a 0.38% drop, making it the only major area in Greater Sydney to decline. This is surprising, especially with lower interest rates typically boosting demand.

Once a top-performing market during the pandemic, the region is now cooling. Meanwhile, strong growth is showing in Sydney’s southwest — including Liverpool and Fairfield (up 3.25%) — as well as the eastern suburbs, Canterbury-Bankstown, Sutherland Shire, and northern beaches.

Experts say investor activity and upgraders are driving the city’s surge, but these buyers are less active on the Coast for now.

History suggests the Central Coast often lags, with price growth coming later. So while it’s quiet today, a rebound could follow.