NSW Woongarrah - central Coast

Discussion in 'Where to Buy' started by Big Maan, 30th Mar, 2017.

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  1. Big Maan

    Big Maan Active Member

    Joined:
    28th Mar, 2017
    Posts:
    40
    Location:
    Sydney
    Hi all,


    Looking at this area a bit closer now as an investment property. Sydney is getting too far away and for the money I can get a quality 4x2x2 with decent rent... Looks to have good schools and infrastructure and decent planning.

    Any thoughts on the stage of the cycle I would be buying in at moment ? I know HTW have central coast at top near peak but I am hoping I can get in and get a further 18 months run before it stagnates....

    Love to hear from people who have purchased up there or have decided not to etc...

    Kind Regards
     
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    IMO, Central Coast is in a rising market. HTW have Sydney in a rising market, which I agree with, as we are buying every week there. Central Coast historically lags Sydney by 9-12 months, so even if Sydney stopped dead in its tracks today (no sign of this so far), it would be 2018 before you saw a slow-down on the CC. Last peak in Sydney was 2003 followed by peak in CC in 2004.
     
  3. Big Maan

    Big Maan Active Member

    Joined:
    28th Mar, 2017
    Posts:
    40
    Location:
    Sydney
    Thank you Alan,

    I like the area, schools and potential. Just need to determine whether i target the single storey 4x2x2 or double storey for the rental market . I need to have it rented for at least 5-10 years so need to get that part right.

    Thoughts ? Appears that large majority are the bigger 2 storey homes.....

    Kind regards
     
  4. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Go for a 4, 2, 2 mate. Double or single storey doesn't matter.