New Apartment Tower: What it Means for the Local Market

A development application has been lodged for a 20-storey apartment tower on Mann Street in Gosford, sparking debate about the future of the Central Coast property market.

The proposal comes at a time when the region is experiencing significant growth and transformation, driven in part by the NSW Government's Central Coast Regional Plan 2036, which aims to create a more vibrant and connected community. With the median house price on the Central Coast sitting at around $820,000, and areas like Terrigal and Avoca Beach experiencing strong demand for waterfront properties, the introduction of a new apartment tower could have a profound impact on the local market.

In Gosford, the tower would be situated near the intersection of Mann Street and Erina Street, close to the Gosford Railway Station and the city's main shopping precinct. The development would also be within walking distance of the Gosford Waterfront, which is currently undergoing a major revitalisation as part of the Gosford City Renewal project. Meanwhile, in nearby suburbs like East Gosford and Point Frederick, residents are eagerly awaiting the completion of the fast rail link to Sydney, which is expected to improve commute times and increase property values.

Market Trends and Data

According to data from the Central Coast Local Health District, the region's population is projected to grow by 25% over the next 15 years, driving up demand for housing and putting pressure on existing infrastructure. In terms of specific numbers, the median apartment price in Gosford is currently around $580,000, while in nearby Woy Woy it's around $520,000. With the proposed tower expected to deliver over 100 new apartments to the market, it's likely that prices will be impacted, although the exact nature of this impact remains to be seen. As of June 2026, there were 350 apartments for sale on the Central Coast, with an average price per square metre of $6,500.

As the development application makes its way through the approval process, potential buyers and investors are advised to keep a close eye on the market and seek professional advice before making any decisions. With the Central Coast property market poised for significant growth and change, it's essential to stay informed and up-to-date on the latest developments and trends. The proposed apartment tower on Mann Street is just one example of the many exciting projects and initiatives underway in the region, and it will be interesting to see how it contributes to the evolution of the local property market in the months and years to come.