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The Entrance NSW

Discussion in 'Where to Buy' started by newbie1234, 20th Jul, 2016.

  1. newbie1234

    newbie1234 Active Member

    Joined:
    9th Jul, 2016
    Posts:
    40
    Location:
    Sydney
    Hi,

    My husband and I decided against Orange for our first IP now we're looking within the central coast.

    We've found a potential contender at The Entrance that we want to see this Saturday. Looking at the vacancy rate it seems a little too high - this could be concerning.

    Does anyone have any experience with The Entrance? Any insights into the rental market?

    The particular property we are looking at is close to the beach and shops so the location is good.

    Thanks!
     
  2. eskander

    eskander Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    75
    Location:
    NSW » Central Coast
    There's plenty of rental stock as it's mainly a holiday/tourist destination. It's a bit far from the motorway exit and from any major centres like Gosford/Erina/Tuggerah. Also no train stops so hard to get to for any sydney commuters. Potentially holiday airbnb though?
     
  3. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    255
    Location:
    Sydney, NSW
    I don't know many investors who would invest in a place like The Entrance. It's a nice place if you have a secure job in the area such as feeding Pelicans.

    Rental vacancy rates in central coast have risen a lot lately. They dropped last year as many properties were in the process of being sold due to rising market and hence there were fewer available dwellings. It's back to 3-4% vacancy rates which is a lot higher than Sydney averages.

    You also pay higher management fees on central coast so that should be part of your calculations.
     
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  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
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    1,224
    Location:
    NSW
    Rental vacancy rates have risen because of the higher than average % of investors buying at the present time, so there is more rental stock available. It takes a while to wash thru the system but it will (and it does) just like everywhere else that has been thru the same thing.

    The Entrance is more a holiday destination. No train. Far from the M1 motorway for commuters etc as others have said.
     
  5. dabbler

    dabbler Well-Known Member

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    18th Jun, 2015
    Posts:
    2,668
    Location:
    Sid en e - olympic city
    Wow, talk about 2 different extremes. How did you go from inland regional too the coast ? and so quickly, I saw your Orange post and got sidetracked before replying.....

    Entrance was always a second rate holiday spot if you ask me, it is probably the same now. Decades ago entrance was full of crook REAs and bad tenants, I would expect that has improved a lot, but who knows

    Orange is a complete contrast in every way, except for soft rentals.

    I would think one has better cash flow v CG
     
  6. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Location:
    Sydney
    Look at amenity and infrastructure and from there figure out where to buy
     
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