By Richard Faulkner, Gittoes Real Estate
Published October 2026. Reporting period: 1 July to 30 September 2026.
The Gosford apartment market was quieter during the September quarter, with lower buyer enquiry and fewer properties available for sale. My research recorded 35 apartment sales across the suburb, with a median sale price of $620,000.
In my assessment, values were relatively steady despite the slower pace. The mix of apartments sold changed from the previous quarter, which matters when interpreting the price figures. Meanwhile, average weekly rents increased, giving landlords a different picture from the sales market.
Quick answer: Richard Faulkner’s research into the Gosford apartment market recorded 35 sales between July and September 2026, a $620,000 median sale price and an average selling time of 38 days. Buyer enquiry and available sale listings both declined compared with the previous quarter. Average weekly rents rose from $600 to $620, while rental properties took a median of 15 days to lease.
Gosford apartment market: July to September 2026
- Recorded apartment sales: 35.
- Median sale price: $620,000.
- Average sale price: $646,913, down 3.3% on the previous quarter.
- Average time on market: 38 days, approximately five days longer than the previous quarter.
- Buyer enquiry: down approximately 25% on the previous quarter.
- Apartments available for sale: 62, compared with 80 in the previous quarter’s research.
These figures cover the Gosford apartment market across agencies, rather than Gittoes’ own listings alone. They are drawn from my research using RP Data, realestate.com.au and PropTrack, alongside other market sources. Recent sales records can be updated as further results become available.
Why a lower average does not tell the whole story
The average sale price was 3.3% lower than the previous quarter. However, that does not mean every Gosford apartment fell in value by the same amount.
In reviewing the transactions, I found that the previous quarter included several larger apartments on higher floors. This quarter included a greater proportion of one- and two-bedroom apartments in older complexes. My assessment is that this change in the properties sold contributed to the lower average.
With 35 recorded sales, individual transactions can noticeably influence the quarterly figures. Both the median and average provide context, but neither tracks changes in the value of the same apartment over time.
For an owner considering selling, recent transactions in the same building or genuinely comparable complexes are more useful than applying the suburb-wide average to their home.
Fewer enquiries, but fewer competing listings too
Buyer enquiry declined by approximately 25% compared with the previous quarter. At the same time, the number of apartments recorded as available for sale reduced from 80 to 62.
My view is that the reduction in competing stock helped balance the softer buyer activity. It does not guarantee a particular price, but it helps explain why a quieter market did not necessarily translate into substantially weaker results for every seller.
The research recorded 16 sales in July, 11 in August and eight in September. Those counts reflect the available records, not conclusive evidence of an ongoing monthly decline, especially while recent sales are still being reported.
The average selling time of 38 days, approximately five days longer than the previous quarter, also points to a more measured pace. For sellers, this makes competitive pricing and consistent buyer follow-up particularly important.
Does a quieter Gosford market point to a real estate bubble?
Questions about slow real estate sales in Australia need to be considered alongside local conditions. In Gosford, buyer enquiry eased during the September quarter and apartments took longer to sell, but the number available for sale also reduced.
Those figures alone do not establish that Gosford is experiencing a real estate bubble or heading towards a sharp price fall.
For owners, recent sales in the same building or comparable complexes provide a more useful guide than applying a national headline to an individual apartment.
Which Gosford apartments were selling?
Two-bedroom, two-bathroom apartments accounted for 24 of the 35 recorded sales, with a median sale price of $637,500.
Six three-bedroom apartments sold, recording a median of $720,500. That is a small sample, so the features of those particular properties need to be considered before using the figure to assess another apartment.
At 108 Donnison Street, the research recorded eight sales during the quarter at a median of $800,000. The highest recorded result in that building was $1,305,000 for a three-bedroom apartment on level 18 of the eastern tower.
These results illustrate the range within Gosford’s apartment market. In my experience, buyers continue to distinguish between properties based on outlook, floor level, presentation, practical layouts and access to the waterfront, railway station and surrounding amenities.
Building age is only part of that comparison. Buyers should also examine the apartment’s condition, strata records, ongoing levies and any identified building works when assessing value.
Higher interest rates are a consideration for the next quarter
On 29 September, the Reserve Bank of Australia announced a 0.25 percentage-point increase in the cash rate to 4.60%, effective from 30 September. The decision is recorded in the RBA’s official cash rate history.
Because the increase came at the end of the reporting period, it should not be used to explain buyer behaviour throughout July, August and September. It is a factor to watch as buyers reassess their budgets heading into the final quarter.
The effect on an individual borrower depends on their lender, loan structure and circumstances. Buyers relying on finance should check their current borrowing position before committing to a purchase.
Gosford apartment rents increased
The rental figures showed average weekly apartment rents increasing from $600 to $620 compared with the previous quarter.
Rental properties took a median of 15 days to lease. Approximately 920 rental enquiries were recorded across the quarter, with an average of 34 properties available for lease at any given time.
Those enquiries reflect recorded activity, rather than necessarily representing 920 separate prospective tenants. The rental figures also cover the broader Gosford market, not just properties managed by Gittoes.
For landlords, higher average rents are encouraging, but the achievable rent still depends on the individual apartment and its competition. These figures alone do not establish that vacancy rates fell.
Rental income should also be considered alongside strata levies, maintenance, management fees, vacancy periods and finance costs. A higher advertised or achieved rent does not automatically mean a higher net return.
What we are watching for the rest of 2026
I will be watching whether the lower level of available sale listings persists, how buyers respond to higher borrowing costs and whether rental demand continues at its current pace.
For sellers, the priority is to assess the apartments buyers can choose from today. Presentation, a realistic asking price and a considered marketing campaign remain central to attracting serious interest.
For buyers, comparing individual buildings and apartments carefully is more useful than treating Gosford as one uniform market. The quarterly figures provide a starting point; the details of the property determine how relevant those figures are.
A colourful glimpse of everyday Gosford, with public art bringing character to the CBD.
What could your Gosford apartment achieve?
If you are considering selling or would like an updated understanding of your apartment’s position in the market, contact Richard Faulkner at Gittoes Real Estate to arrange a property appraisal.
Richard can discuss recent comparable sales, competing listings and a selling strategy suited to your property and plans.
Sources and methodology: Apartment sales, listing, enquiry and rental figures are based on research compiled by Richard Faulkner using RP Data, realestate.com.au and PropTrack, alongside other market sources, for Gosford during July to September 2026. Unless otherwise stated, comparisons are with April to June 2026. Figures cover the suburb market rather than Gittoes’ office results and may be revised as records are updated. Market assessments are Richard’s observations. Interest-rate information is sourced from the Reserve Bank of Australia.