NSW Central Coast investment property

What do property chatters think about buying on the Central Coast now? Do you think there will still be capital gain as people stop purchasing in Sydney.

Just found a neutrally geared (slightly positivey geared) propery with two houses providing dual income on over 900m2 of land. Lots of people interested which is causing a mini unofficial auction with the offers with the investors all seeing similar value. Making me nervous because if we get it, it could mean that we overpaid compared to other more experienced investors. It was sold for $150k less 18 months ago!

 

Central coast increased a lot in the last 18 months and a dual occupancy is definitely make you less pressure than those negative gear ones, not sure which suburb you talking about.
Post code 2257 and 2260 are the best area of CC.

 

2250

 

Agree. Redevelopment including community ammenity and employment.

 

Land an hour or so out of the city should still hold appeal. Picked up a 800sqm house for $610k in 2016 from a downsizing boomer. I guessed the Syd prices would push buyers to look further out and lift prices in the long term. Decent rental demand from workers who want a nice backyard and long leases. Or have family in the CC. Worth checking out

 

I'm quietly optimistic about Gosford, it's a family friendly civic centre with a host of great developments already under way. It's within an hour of Sydney via public transport, so it's ideal for young professionals who can't afford to get their foot in the door in Sydney, not to mention the fact that more and more jobs are being created in the local area with the upcoming developments.

Here's a couple of links that may be of interest to anyone looking at Gosford.

Gosford CBD major developments update - Central Coast Local News

$650 MILLION ‘GOSFORD ALIVE’ DEVELOPMENT TO TRANSFORM CBD - NBN News

http://coastcommunitynews.com.au/2017/07/historic-moment-gosford-cbd/

 

Does anybody know when the ATO department starts operating out of Gosford?

 

People stopping to purchase in Sydney is a make-believe prophecy that some members on this forum have convinced themselves of because they have bought elsewhere. In reality Sydney is still selling stronger than anywhere else.

The lenders still have more favourable terms in lending into Sydney and Melbourne market as opposed to anywhere else in Australia.

The property is performing very strong albeit not growing like it did before and everyone knew that you cant have 10% to 15% growth year on year for ever.

My thoughts are that as the interest rates go higher and lending terms get tighter, it will be the smaller markets with much lower employment opportunities (or other points of attraction for buyers) where people will stop buying into