NSW Holiday House <2 hrs from Syd

Discussion in 'Where to Buy' started by Jmillar, 2nd Aug, 2020.

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  1. Jmillar

    Jmillar Well-Known Member

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    My parents are looking for a holiday house at the moment. They are able to spend up to $1mil but prefer to spend closer to $500k.

    They love Forster but they want it to be under 2hrs max from Sydney (Liverpool area).

    Ideally it would be walking distance to cafes, restaurants and beach but not somewhere super busy. They also would like water views.

    What areas should they consider?

    Also they are interested to know how they could get some income out of it when they're not there. I've heard there are companies that manage Airbnb for you for around a 20% cut. I'm guessing they would handle cleaning, maintenance etc too and you could just tell them what dates you want to use it?

    Thanks
     
  2. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Ummm the NSW Central Coast. :)
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Plenty of places to the south too - Southern Highlands, Kiama and further south as they have done the hard work to escape the city crush to the south and have an hour's head start on anyone in the city. Why fight with the traffic heading north?
     
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  4. Jmillar

    Jmillar Well-Known Member

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    They prefer North over South but wouldn't rule it out completely...
     
  5. fols

    fols Well-Known Member

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    Toowoon Bay / Long Jetty on the central coast. A great spot undergoing textbook 101 gentrification. But ssshh....don’t tell anyone.
     
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  6. twobobsworth

    twobobsworth Well-Known Member

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    We stayed at Caves Beach a few months back. Loved the area.
     
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  7. gach2

    gach2 Well-Known Member

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    Blacksmiths beach/Belmont?
    Toukley/Budgewoi?
    Could easily find something 500k

    From there on south with the price going up
     
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  8. fl360

    fl360 Well-Known Member

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    If your folks are thinking of claiming tax deduction on the holiday house, please read the ATO pages on holiday house for self use. talk to their accountant.

    if your folks are not claiming anything from the ATO then it is OK.
     
  9. Jmillar

    Jmillar Well-Known Member

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    Just had a quick look online. Areas around The Entrance/Long Jetty/Toowoon Bay seem nice but I was surprised how little you get for $1m. I don't think they'll get what they want in these areas for their budget.

    Caves Beach seems a bit closer to what they want, but doesn't seem to be many shops/cafes etc within walking distance.

    Shoal Bay/Anna Bay/Nelson Bay seem to have places around $1m that tick most of the boxes. It's about 2.5hrs away but I think that's still manageable, and I'm guessing Northconnex will cut that time down a bit too. It would probably be a bit quieter in these areas than the Entrance too, which they would like.
     
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  10. TAJ

    TAJ Well-Known Member

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    May I ask, what is the necessity to be within 2 hours from Sydney? If it is going to be a holiday home I am assuming that their stays will be considerably longer than the odd weekend, so why then is distance a hindrance?
    Generally speaking, those areas closer to Sydney (coastal) will command higher prices due to their proximity to the big smoke. There are pockets north of Newcastle and south of Port Macquarie which would fit the bill.
    Remembering now, that Port is just like another Sydney suburb with new homes going up at an alarming rate. Probably not ideal if they are wanting to escape the hustle and bustle.
     
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  11. TTT888

    TTT888 Member

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    Stanwell Park Beach or Narrabeen lagoon its just 50mins drive from Liverpool. Forster is very nice but its too far from Sydney...
     
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  12. Jacque

    Jacque Well-Known Member Premium Member

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    Does it have to be a house or would they consider apartments? (much more likely to get a better water view)
     
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  13. Depreciator

    Depreciator Moderator Staff Member Business Member

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    I'm with Jacque. If I was going to buy a holiday place I would buy an apartment. I have seen too many people buy holiday houses and spend most of the time there are there doing maintenance. I would be like that - can't help myself.
    Presumably as they get older they might be able to have longer weekends. You mentioned they like Forster. So do I. It's doable for a long weekend, but for not for a short one. I like Nelson Bay, too.
     
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  14. lilolizard

    lilolizard Member

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    Shoal Bay is 3Hrs from LIverpool according to google maps
     
  15. Jmillar

    Jmillar Well-Known Member

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    They grew up on land and currently live on a small farm. They wouldn't consider a unit unfortunately, only houses. They would need to take their dog with them (large dog) so need a backyard.
     
  16. Jmillar

    Jmillar Well-Known Member

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    Well they were going to try buy in Forster but the distance meant they wouldn't use it much (and their friends + family would be less willing to visit regularly) whereas if they had something <2 hours away they would use it more often.

    They are around 70 years old so also don't want to drive long distances. They would use it pretty regularly if it's close enough I think, but probably only for 2-3 days at a time as they would need to go home to check on their animals etc.

    What pockets would you recommend that are walking distance to beach/shops etc?
     
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  17. Jmillar

    Jmillar Well-Known Member

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    Yep, I think if they had to drive 3.5hrs to Forster they wouldn't use it as often.

    They won't even consider an apartment unfortunately.
     
  18. Jmillar

    Jmillar Well-Known Member

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    2hrs45mins from their house.

    Anna Bay is 2hrs32mins from their house. A bit further than ideal but not too bad. And I think Northconnex will cut this down a bit too.
     
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  19. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Currarong :)

    ta'rolf
     
  20. TAJ

    TAJ Well-Known Member

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    Harrington. But obviously more than a 2 hour drive.