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Theres 2 postcodes on the peninsula. 2256 & 2257
How does Gosford CBD rate for growth ? There seems to be plenty of 2 bed townhouses around the $250k. What sort of rent would they likely attract ?
PS: I don't know Gosford but it seems to have resonable infrastructure and a train line.
As for the CBD and surrounds, it has unemployement, social, low income, drug, etc problems.
Would it be as "bad" as Sydney suburbs with apparently similar problems such as Liverpool, Campbelltown etc?
Its easy for an area to get a bad wrap but I wonder if Gosford is like these Sydney suburbs which aren't as bad as the media make out and where the majority of residents lead a quiet, safe life.
Hi all
I actually live in Umina, and owned the Newsagency here from 1998 to 2004. We bought the old laundromat site and put a new building on it for the newsagency. I remember having to get the street cleaners, who double as security here, to turf out the druggies living,(if you can call it that), and shooting up there. Not nice, but this is everywhere.
Yes Umina and Woy Woy do have a lot of teenage problems. And yes a large percentage of welfare recipients. Saw trouble mostly weekends. No the Police did not give up. In fact with the resources available, they have done a stellar job. Ok we did have two smahed windows in almost 7 years. And yes I know some investors who have experienced the 'tenant from hell' too many times.
There were something like 13 real estate agents in Umina and Woy Woy, but don't quote me. I was talking to a Gosford agent this morning, and business is brisk, his end of town, despite the looming election. As far as capital growth goes, it is certainly good for the right area. Again, its a case of the streets with largest number of house proud owner occupiers that are enjoying a steady 10 to 11% CG. My own place, which I have held for 24 years has tracked at 11% for every one of those years. I have just done a print out of street sales, and after some time studying various streets, the picture is more positive than negative.
We did even better on the commercial side of investing here and in North Gosford. There is visual evidence of redevelopment happening all over 2256 & 2257. Long term, the locality of the area, in terms of beaches, waterways, the close proximity to Sydney by the Palm Beach ferry makes it an attractive area. From anecdotal evidence, I know of many Metro retirees either selling up and say buying at St Hubert's or Pearl Beach, Umina and The Two Woys, because of the closeness to the train, therefore a quick trip to Sydney.
This place is just another suburb of Sydney, but like all things reported in the popular media, its overplayed dramatically.
Would it be as "bad" as Sydney suburbs with apparently similar problems such as Liverpool, Campbelltown etc?
Its easy for an area to get a bad wrap but I wonder if Gosford is like these Sydney suburbs which aren't as bad as the media make out and where the majority of residents lead a quiet, safe life.
evand,
Here is an example - there doesn't seem to be many address's on RealEstate.com
http://www.realestate.com.au/cgi-bi...eader=&c=16985236&s=nsw&snf=rbs&tm=1193889151
They have just finished installing a security CCTV network all over the Gosford CBD and planning has started planning for the same on the peninsula.
I believe this a good thing .
CCTV is an integral part of modern urban planning - world wide.
New commercial precints and infrastructure have this built in at the planning stage while councils have to play catch up to get it into existing areas.
Gosford and the peninsula has a similar demographic/psychographic to say some outer Sydney suburbs.
What the?
TB
hey aimy what does WSOH mean?> im doing my head over it!