IP in NSW - Sydney, Central Coast or Newcastle

Discussion in 'Where to Buy' started by Jessica.P888, 22nd Feb, 2021.

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  1. Jessica.P888

    Jessica.P888 New Member

    Joined:
    22nd Feb, 2021
    Posts:
    1
    Location:
    Sydney
    Looking to buy an IP this year in NSW - either in Sydney, Newcastle or Central Coast. Looking for capital gains over the medium term.
    What of these areas would expect the most growth?
    If in Sydney - what would be some of the best areas? Noting budget is $650k.
     
  2. ChasingYield

    ChasingYield Member

    Joined:
    22nd Jan, 2021
    Posts:
    6
    Location:
    NSW
    We just bought an investment in Stockton, Newcastle.

    We looked in Central Coast Dec/Jan and Newcastle. We preferred the beach in Newcastle and had a nicer feel than parts of Central Coast. The parts we liked in Central Coast were Green Point, Kariong, Saratoga, Wamberal, Foresters Beach, Bensville. We looked quite a lot around Umina Beach, Woy Woy but the area was so rough.

    We invested based on the work-from-home being a continuing trend and that places two hours from major cities would be a good buy.

    We didn’t want to buy in Sydney as for our price range (<$1m) you had to go far West.
     
  3. Shamrock1

    Shamrock1 Well-Known Member

    Joined:
    20th May, 2020
    Posts:
    78
    Location:
    Newcastle
    I’ve just researched Newcastle/Central Coast and bought on the Coast.

    For $650k in Newcastle best suburbs for medium term growth are Mayfield West/Waratah West.

    On the Central Coast best for $650k are Noraville/Toukley/Canton Beach

    Get in quick though before you miss out the market is crazy and prices are rising