NSW NSW central coast

Discussion in 'Where to Buy' started by Matt Edghill, 11th Feb, 2018.

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  1. Matt Edghill

    Matt Edghill Member

    Joined:
    15th Jan, 2018
    Posts:
    12
    Location:
    Central Coast NSW
    Hi all,
    Was after people’s thoughts on the NSW central coast... more particularly around the Erina, Green Point, Kincumber areas in terms of medium to long term CG.

    I understand the area has has a decent run of growth in recent years but how sustainable future growth would be. Have found a property with dual income that would make neutral to slightly positive cashflow in low $600s
     
    Matt Edghill, 11th Feb, 2018
    #1
  2. Morgs

    Morgs Well-Known Member Business Member

    Joined:
    7th Dec, 2017
    Posts:
    1,809
    Location:
    Sydney NSW
    Unemployment on the coast is a continued issue, but plenty going for it in terms of affordability and lifestyle. Proximity to Sydney will improve with infrastructure projects in place come 2019 (NorthConnex the big one).
     
    Morgs, 11th Feb, 2018
    #2
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  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,227
    Location:
    Sydney or NSW or Australia
    There has been some good press lately with some govt investment on Mann St for new offices. IIRC.
     
    Scott No Mates, 11th Feb, 2018
    #3
  4. Matt Gleeson

    Matt Gleeson New Member

    Joined:
    7th May, 2019
    Posts:
    4
    Location:
    Central Coast
    The Central Coast is massive and every suburb differs greatly. There are some great investment opportunities in the 2250 postcode and surrounds - if you have found something with positive cashflow, I think you're onto a winner!

    Happy to chat if you want to chat about other areas.
     
    Matt Gleeson, 7th May, 2019
    #4
  5. Matt Gleeson

    Matt Gleeson New Member

    Joined:
    7th May, 2019
    Posts:
    4
    Location:
    Central Coast
    ERINA - GROWTH REPORT
    Median Quarterly - 1.67%
    Median 12 month - 3.64%
    Median 3 years - 27.57%
    Median 5 years - 58.74%
    10 years average annual - 8.41%
     
    Matt Gleeson, 7th May, 2019
    #5