All About Magenta, Central Coast (NSW), NSW, 2261

Magenta, located on the Central Coast of New South Wales, offers a unique and appealing housing market characterized by its serene environment and proximity to both natural beauty and urban conveniences. The area is known for its stunning beachfront properties, offering breathtaking views of the ocean and easy access to the beach, which are significant selling points for both buyers and investors. Real estate in Magenta often attracts those looking for holiday homes or permanent residences that provide a tranquil lifestyle away from the hustle and bustle of larger cities. The market has seen steady interest, buoyed by its attractive locales and the allure of coastal living, making it a sought-after location for families, retirees, and those seeking a holiday home.

Living in Magenta comes with the perks of a relaxed, coastal lifestyle, with plenty of opportunities for outdoor activities such as golfing, swimming, and enjoying the natural parks nearby. The community is close-knit, providing a welcoming atmosphere for new residents and fostering a peaceful residential environment. Despite its tranquil setting, Magenta is conveniently located with access to essential amenities and is just a short drive from larger commercial centers where one can find shopping, dining, and entertainment options. Overall, living in Magenta offers a balanced lifestyle with the charm of a small town, the beauty of coastal living, and the convenience of nearby urban areas.

Magenta Real Estate Market Outlook

Thinking about buying in Magenta? Now could not be a better time, with just 426 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,177,000 with prices in this suburb ranging from $234,000 to $4,020,000. Magenta is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Magenta there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Magenta is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Magenta changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Magenta to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Magenta we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Magenta a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!