Central Coast NSW – Would you invest there?

Hey,

Im from the Central Coast and am about to buy a property in the next few months in the East Gosford Area. There are some bargains around, especially for those who dont mind doing a bit of reno work. Erina is a really good location and has rapidly grown however it has become a bit expensive in recent times. The same goes for Terrigal and other beachside suburbs (e.g. Avoca and Copacabana). I believe suburbs near the freeway have good potential (as you said its handy for commuters to Sydney) and theres been a bit of development along the freeway up north (e.g Warnavale, Blue Haven etc) but I prefer areas like East Gosford (and even the older, cheaper parts of Erina) as it is central to everthing including the beaches and the freeway. Gosford looks as though it may be changing for the better also. I think the Central Coast market may be down at the moment so it may be a good time to start sourcing potential properties. Id be interested in hearing any other opinions.

Cheers,
Ben

That’s what i always thought about the idea when I caught the small ferry across to palm beach for a coffee. I don’t think it would be viable unless it stopped at palm beach first to pick up that crowd and then went on to the quay from there.

Trouble is that those things are so slow at docking that the added pick up would make it the same time frame as the train which is 40 mins to hornsby (not really sydney – sorry hornsby) and hour 1 and 10 to central. Although a ferry would probably be a bit more comfortable than the train.

My train used to be the 4.17am to central from woy woy station. Not sure if the stll run that one. It was fpacked to the rafters with construction workers, nurses, cops and everyone else you could think of making there way to the city to earn a quid.

Nigtwork train was the same time in ie 4.17pm ish but on the way home at 6am you got to sit next to people who had missed the last night train back to the coast and had been out all night. Saw some funny sights including a few romances that i’m sure were desitined to last not much further than my stop.

The travel was a serious bore but living 300m from the beach was fantastic. I often think about that place and I’m glad we kept out home there.

For undervalued water viewa check out orange grove (not really a suburb just as few streets all with the same aspect across brisbane water) You can buy a decent home with views for 500 to 750k which is not really that bad when you think about it.

cheers

hi pipelinebuilder
I have two duplex’s on one block and another two on another in harrington waters further north and an option on a motel that will soon be a 7 townhouse construction site looking at sand.
and yes the market is moving this area has 60% over 55’s and is growing.
the adamstown, williamstown area is also an area to keep a lazy eye on ( got a couple of irons in that market also nothing finalised so no info on it)

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

Hi DLPP

The ferry hasn’t grown too much of anything & not sure it will. The Ettalong suburb has gone up in value though & with the new club that has been open for awhile now does quite well with the tourists & locals.
Still value on the Central Coast alot of Sydneysiders have moved up here in recent years, our biggest issue is our water supply!! with such a big growth in population. Lived here 20yrs+ love the place but like everywhere you have to do your due dilligence if looking to invest.

Juls

hi Juls,

I always thought the plan did not make sense unless they secheduled a stop at home and away bay on the other side of the barenjoey. Probably alot of far northern beaches people could jump on there – would be alot quicker than driving from say newport into the city. What’s wrong with the water – are we running out?

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html
Experienced spotters wanted Napier & Rotorua!!

good on you juls. would you believe that even here in southland they are having water and power problems. not enough water in the dams to power the hydro. heaps of gas but apparently that is more expensive to pass on the consumers as household power. the water up the rd in queenstown might be the best I have come across.

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html
Experienced spotters wanted Napier & Rotorua!!