BennyhubParticipant@bennyhubJoin Date: 2013Post Count: 5
Hey everyone I have just bought a house in Gorokan on the Central Coast to live in and settlement is next month so moving up from Wagga. I already have one IP in Wagga with great growth and rent return and want to continue my investing on the coast. I'm just asking for some suburbs to keep my eye on in either the Central Coast area or Newcastle.
CheersthecrestParticipant@thecrestJoin Date: 2004Post Count: 992streamlineinvestingParticipant@streamlineinvestingJoin Date: 2010Post Count: 171
I was currently looking at properties around the Central Coast as well, initially was looking or a place in Sydney, but was just too expensive. I do not want to be under a burden of a mortgage for the rest of my life. Plus I really have no reason to be around Sydney, would much prefer be in a nicer, bigger place on Central Coast, just a short stroll from the water for a fraction of the price.TheFinanceShopParticipant@thefinanceshopJoin Date: 2012Post Count: 1,271Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069
I reckon there's some good opportunities in south coast NSW at the moment. There's an abundant of stock and new releases – so quite a few properties up for sale for lengthy periods which usually leads to decent discounting.
The weather wouldn't be as nice as the central coast though – a bit chilly in winter.
JamieRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
Personally i like Belmont, New Lambton or Newcastle City itself.
Just sold a development site in Merewether which i just didn't have time to develop but that is another great suburb.
Yours in Finance