NSW Central Coast or South Coast?

Hi everyone,

We're looking at different opportunities both up and down the coast and I'd like to get everyone's thoughts on what might provide a better investment.

Wollongong seems to be the area that will grow into Sydney quicker including a University, but the Central Coast seems to present more variety to find opportunity.

Keen to hear your thoughts.

 

I think the roads are better going north. And will get better with the Pennant Hills Rd bypass.

 

That's a good point actually. And you can get trains from Woy Woy that only stop Woy Woy - Hornsby - Epping - Eastwood - Strathfield - Central.
I think Central Coast might be a tad more affordable than the Illawarra area too right now?

 

The Shoalhaven area is South Coast, still some good buys around.
Depends on your budget really. Vincentia and Huskisson have moved a fair bit and have higher values of course. There are plenty of lower priced areas: Sanctuary Point/St Georges Basin, Mollymook/Ulladulla.

 

central coast is quite good

 

@datto is up to speed with the area - Mt Druitt by the sea

 

Plenty of those around.
Some Canberrans used to call Batemans Bay Queanbeyan on the coast.

 

Cover all your bases and buy one (or more) in each location. Then have a look back in 10 year's time and you'll have your answer

 

Depends what you want? What does a good investment look like to you? In either event set your goals, do your due diligence and know your market.

 

Interesting that we all think of looking north or south of Sydney but few of us look to the mountains.

 

No beach, no employment, 2 hour plus transport to the city, cold in winter hot in summer... that's just a start...

 

I would get one in south, north and mountains.

 

Both the Gong and CCoast will be (part of) Sydney in good time, IMO.

The Gong does have more limited land though with that escarpment a natural boundary to the west, yet the CCoast just keeps moving west and north.

Im with Matt though, what does a better investment look like to you?

Either side of Syd will be a decent investment just comes down to personal prefs.

Best thing is, you are wanting to invest.

 

But out west is closer to Parramatta (which is trying to outstrip the CBD) with better transport links, employment opportunities and a lot of state government money going into infrastructure.

 

Agree that Parramatta will be the next powerhouse. But it ain't CBD or will it represent Sydney CBD? My point is it will not replace Sydney CBD.

 

no one is buying in wollongong or CC for jobs

 

Really?
Source for this info?

 

So it seems a lot of people are receptive to the Central Coast. Can I ask where the "avoid" suburbs are?

I'm heard from a few people to stay away from Umina Beach, and have read that Budgewoi has a lot of late mortgage repayments:
No Cookies | Daily Telegraph

 

I can only by my own experience cause I work in I.T. I tried to find a job in Parra before however I'd say 80% I.T jobs are still either in CBD or North Sydney. If you are a serious company in I.T or finance, they still look to CBD as their preference for head office.

I don't have any data but IMO Central Coast and Wollongong are more popular because they attract Sydney home owners who can't afford Sydney prices, the "sea changers" going for the lifestyle and place to raise their kids and then you have the down sizers (retirees). Plus you can still commute reasonably well to the city.

 

Except I keep getting calls from people moving down with jobs. 8pm last night was a senior town planner with job offer in local council wanting advice.