NSW Newcastle or Central Coast for 800k IP for 10y capital growth

Discussion in 'Where to Buy' started by sydney19, 3rd Jun, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
  1. sydney19

    sydney19 Member

    Joined:
    8th Feb, 2021
    Posts:
    12
    Location:
    Sydney, New South Wales
    Hi experts

    What would be the smart option to buy an IP - Newcastle or Central Coast for the 800k range for capital growth over a 10 year period ?
    Any suburbs in particular that are expected to do well for this budget?

    Also, is QLD a better bet than both of these?
     
    sydney19, 3rd Jun, 2021
    #1
  2. Shaggerr

    Shaggerr Member

    Joined:
    8th Oct, 2019
    Posts:
    12
    Location:
    Wollongong
    Wollongong
     
    Shaggerr, 3rd Jun, 2021
    #2
  3. BrunchNoLunch

    BrunchNoLunch Member

    Joined:
    22nd Apr, 2021
    Posts:
    5
    Location:
    Sydney
    Have a look near Maitland, I am currently looking to buy an investment property there.
     
    BrunchNoLunch, 3rd Jun, 2021
    #3
  4. alanyin

    alanyin Well-Known Member

    Joined:
    9th Nov, 2019
    Posts:
    70
    Location:
    Sydney
    Most of those NSW costal locations have gone up massively over the past 10 years. I won't touch any of them, especially around Newcastle. Yamba used to be underperforming but it has caught up.

    Anywhere with a diverse economy in QLD will be a much safer bet imho.
     
    alanyin, 3rd Jun, 2021
    #4
    sydney19 and See Change like this.