NSW Central Coast or South Coast?

Up coming in prices will be Lake Haven ... Walk to shopoing centre and 5 minute drive to freeway.. 1 hour North of Sydney .

 

OK so around the Central Coast then, what areas should I be considering for CG?

 

If it was me thinking of buying i'd go something close to all the amenities (eg. Something a short walk to shops), or with water views/right on a beach... failing that my next choice would be something near a train station (away from the train line but a walk to trains) for the Commuter market.

 

I own in both the Central Coast and Shellharbour.

My view is if you can afford to wait do it!

Both places have ridden on the back of Sydney and are quite high...maybe not the top but near it.

I own in Woy Woy....it is now 500k.....same thing with Barrack Heights...both have doubled in value. Also own a T/H in Watanobbi....bought for 232k...bank value was 360k...I think the market value is 380-390k. So you are buying in a market that has moved quite a bit.

 

How long until the wave breaks for the South Coast @sash ? Got Nowra up 10% this year and 42% last 3 years riding the back of the Sydney boom.

 

I think Nowra will still growing..not sure when it will end.

That area was on the nose..now with all the Seachangers...who knows..but great returns...what was the buy in price?

 

I'm in 2 minds...
1.I have to agree with Sash in that's its not really the time to buy Central Coast (or Illawarra).

The time to buy Central Coast is when you have a lot of forced sellers, everybody is losing their jobs, share market is collapsing.... (GFC style) at that time, there's lots of people looking to offload holiday homes.

That's the time to buy. Now if/when it will happen... I can't say.

But on the other hand.... Perhaps Sydney is so intrinsically expensive houses in the CC won't ever drop that far back again, and Central Coast is now considered commuting distance to Sydney. Whereas 10 years ago the CC was much more "holiday house" territory for rich folk, plus locals working local jobs (or employed by Centrelink). It wasn't considered a place to live for commuters as places closer in to Sydney weren't hideously expensive to buy.

But seeing houses 600-700k or more in the area does make me think you get so much more bang for buck in other states....

 

Sorry to break your bubble...but the market there has moved significantly. A mate of mine bought in Gorokan in May 2012 for 207k and sold for 345k...he missed getting 380k by 3 months ago. He sold late last year.

 

We can wait, but what are the more reasonable suburbs to consider? I'm told to stay away from Umina Beach...

 

I do think the types of buyers in CC have changed...mote OOs. Value should hold well.

 

@Gockie that's generally got to be true for buying real estate in any area, not just the Central Coast surely? .......and nothing I can see happening anytime soon

 

Agree, I think the GFC isnt ever going to happen again anytime soon.... that was a great time to pick up homes in the Central Coast. And no, I didn't buy one.
Neighbour has one though and he might Airbnb that.

Since Sydney's become so expensive the Central Coast has become part of the commuter belt in a much larger way than ever before. Commuting to Sydney/suburban Sydney would not be my cup of tea though.

 

Thanks for reviving this thread. It is getting me interested in exploring CC as an option. As a first stage I am thinking about renting there for a while to get a feel about the area and commute since I am working in the city.

Which area do you recommend for a small young family commuting to city every day?

 

I suspect it is not your family commuting to city every day - but just yourself?
What budget are you thinking of? (as this will determine a lot) Driving or catching the train?

 

Yes, i prefer the train.

 

who's keen on a new project? 151 Kerry Sanctuary Point NSW 2540 - House for Sale #122648350 - realestate.com.au

 

.......and budget?

Follow the train line on a map from Woy Woy - Gosford - Wyong - Warnervale and stations in between, and check out those suburbs.

 

looking to rent. Budget is not an issue but let us say I am not looking to rent a house with a big back yard. Something like a townhouse or villa would be ideal

 

Something then around Woy Woy or Gosford train stations - as both have Express trains to SYD.

 

Not a bad spot, only a couple of streets back from the water.
The DA is interesting.