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NSW Newcastle Vs Central Coast

Discussion in 'Where to Buy' started by Mayjong, 10th Aug, 2015.

  1. Mayjong

    Mayjong Active Member

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    Hello All,

    With so many investors now looking outside of Sydney, I thought of starting a newcastle vs central coast post to see what people think is a better option and why.

    IMO Newy has more diverse local industry / employment opportunities but is affected by increasing unemployment due to mine closures in surrounding areas. Central Coast i would think is more tourism focussed but would appeal to people who are priced out of Sydney market.

    Any thoughts?
     
  2. larrylarry

    larrylarry Well-Known Member

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    API magazine suggests Newcastle is at the peak of market and Gosford is at the rising market.
     
  3. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Central Coast has more appeal to Sydney Workers because its closer .
    Northern parts of the Central Coast Lake Haven, Gorokan, Kanwal are still in price range of most families eg, under 400k

    The Central Coast is still growing more hospitals schools etc

    I would guess also the health industry hospitals etc employ far more people on the CC than Newcastle.
     
  4. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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    Why not ask Alan (Propertunity) This is his area and patch.
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    They're definitely two distinct markets - Central Coast for commutability to both N & S, Newcastle for lifestyle (beaches, wineries, Hunter, mid-north coast).
     
  6. larrylarry

    larrylarry Well-Known Member

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    Buy in both to diversify.
     
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  7. Daniel007

    Daniel007 Well-Known Member

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    Woywoy takes just over an hr by train from central. When you consider it is also about an hr from central to Liverpool, it really opens your eyes to the value of the central coast and the significantly better lifestyle that comes with it.

    I see potential in the central coast, especially after being stagnant for a long time.
     
  8. blw101

    blw101 Member

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    Agree with sentiment, though wouldn't use the word stagnant to describe the last 18 months or so.
    Plenty of upward pressure rippling out as people are priced out of Sydney and come to the same realisation. Better lifestyle same commute.
     
  9. Mayjong

    Mayjong Active Member

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    All great points... Newy revitalisation program should assist growth in newcastle IMO..
     
  10. Mayjong

    Mayjong Active Member

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    You got to take those magazine data with a pinch of salt I think
     
  11. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Selling times in Newcastle are longer than the Central Coast.
    Houses in Jesmond Shortland Birmingham Gardens are still taking a lot longer to sell.
    Compared to the CC where they are going very quick.

    I think many areas (not all) but many in Newcastle have peaked.
    Houses in Forrest Street Jesmond been for sale for months all in their 500's.

    CCoast is relatively new area with building and development in progress eg Cancer hospitals , aged care homes etc
     
  12. Mayjong

    Mayjong Active Member

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    The thing that's attracting me to CC is its proximity to Sydney.. You look at dumps selling in Penrith and Cambelltown for over 500k and start to think CC must offer a better lifestyle and long term CH if they can just fix up the transport to Sydney.

    Is there much new infrastructure going into CC. I know the government is putting in some money into Newy but not sure of the plans for CC.
     
  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Maybe im bias but I like the Northern part of the Central Coast areas such as Lake Haven Gorokan Kanwal areas, close to schools, shopping centres and freeways.
    The railway transport system has unfortanetely deteriotated the last few years up there since this State Govt took over.
    Shocking State Government for the Central Coast but thats another story.
     
  14. Chilliblue

    Chilliblue Well-Known Member

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    The problem is that all forms of government are pumping money into South Western Sydney at the expense of other areas.
     
  15. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Yes - especially if you are referring to the HTW data = wild swings from month to month or qtr to qtr sometimes.
     
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  16. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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  17. tomlemke

    tomlemke Well-Known Member

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    You carnt compare suburbs around the uni with the areas around newcastle cbd it would be like comparing terrigal with San Remo two completely different markets.

    Houses around the uni are mostly ex housing commission properties turned into 6-7bd houses
    with the newly constructed 900 units on campus plenty of investors have tried offloading these.
    Hence the oversupply of them on the market.

    Where the inner suburbs of newcastle is rising nicely there is over 1billion worth of works
    in the pipeline for the city.
    Urban growths has just released there plans for the old train line
    http://www.theherald.com.au/story/3268655/poll-urbangrowth-reveals-rail-corridor-concepts/?cs=305
     
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  18. Daniel007

    Daniel007 Well-Known Member

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    Yeah i agree, sorry i wasn't more clear. If you look beyond the last 18 months though, there really hasn't been much growth since 04/05 (at least in the areas i've monitored)
     
  19. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    What was your results?
    And what areas ?
     
  20. blw101

    blw101 Member

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    I've followed the northern end of the CC pretty closely, which included a purchase in 2010. has shown literally zero growth (other than value add) until mid/late 2013.

    Median values chart for Wyong suburb (& broader LGA) tends to agree (Source: RPData).
    upload_2015-8-12_13-53-41.png