Forums / Property Investing / General Property / Best growth areas Central Coast/Newcastle NSW.

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  • Profile photo of BennyhubBennyhub
    Participant
    @bennyhub
    Join Date: 2013
    Post 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.

    Cheers

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 990

    Hi Bennyhub.

    Where's the Wagga one, house or unit ?

    I have a family contact in RE in Newcastle if you want it, PM me.

    My motel in Wagga is going great.

    Cheers

    thecrest

     

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
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    selling motels in NSW

    Profile photo of streamlineinvestingstreamlineinvesting
    Participant
    @streamlineinvesting
    Join Date: 2010
    Post 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.

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271

    From the sand to the surf – you will love it in the CC. Very laid back and awesome beaches.

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
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    Residential and Commercial Brokerage

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post 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.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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