If you have been keeping up with your market research, Central Coast has most likely popped up on your radar and if it hasn’t yet, it has now.
A Core Logic RP Data’s quarterly rental review indicated that the central coast region hit a massive 7.9% rent rise last year which was significantly higher than the national average growth of 2.9%.
The employment opportunities in the area are continuously growing due to investments in infrastructure upgrades and services such as the $368 million upgrade to the Gosford Hospital which created 1000 new jobs. Other infrastructure upgrades are predicted to create roughly 30,750 new jobs over the next 15 years. Central Coast is just over an hour away from Sydney CBD and with the NorthConnex tunnel almost finished, parliamentary secretary of the Central Coast, Adam Crouch, stated that it is expected to take 15 minutes off that commute.
The Central Coast has a population of 333, 627 people and covers 1680km2. It has access to quality schools, shopping centres, restaurants, sporting facilities and is perfect for buyers/renters looking for a relaxed beachside lifestyle. The beautiful coastline spans across 81km and over half the area is filled with lush forests, national park sanctuaries and aquatic environment. There are a diverse range of attractions and activities that you can add to your lifestyle if you live there, such as coastal and forest walks or even surf lessons.
Covid-19’s Effect on The Property Market
With lots of uncertainty in the property market, it is important to look at the facts, figures and the trends of areas. The Central Coast has seen an ‘unexpected upward trend’ reported by McGrath researchers, as Sydney buyers and tenants are looking to get closer to the coast. This demand has allowed the central coast market to continue to thrive. This is because the market values in Sydney are dropping as the properties were overpriced in the first place which was partly influenced by a high demand from Australian and overseas buyers increasing Sydney’s already competitive market prices. This made it harder for people to afford properties in that area and with prices now dropping people are losing the value of their property and money forcing most people out of the area and into more ideal markets such as the central coast. In terms of investment in NSW you will find that there are much better places to invest than Sydney when the yield is calculated.
How can we at Imagine Wealth Investments help you?
- We offer full turn-key house & land packages including dual keys across Central Coast and other areas around NSW and QLD that provide great investment and living opportunities.
- Often our clients are people who work long hours and have little time to adequately plan their finances, investments and taxation, let alone do anything about it. People come to us for our professional objective advice. We provide a comprehensive range of services to allow you to bring all your financial needs under one umbrella. We do the research to make life easier for you.
- We have associates who specialise in tax planning, lending option, risk planning and legal work. Our team provides the necessary resources to educate you on how to use your money wisely and to your advantage.
- If you are interested in looking at the properties we have to offer or any of our other services, please contact us.
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