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  1. S

    NSW Central Coast

    Well...a friend bought a house in Gorokan in 2011 for $217k....recent bank vals is around 320k. Rents for about $360pw. Hows that for a return??
  2. S

    NSW Central Coast

    Spot on ....unfortunately most investors are amateurs and do not have this level of foresight. I am told by a friend the market is moving already...not as hot as Sydney...but the pace is gathering.;)
  3. S

    NSW Central Coast

    Cliff spot on.....just the cost of building a new unit in a multi-story unit with developer profits is probably around $300k. The add the land which is about 100k a site (after adding in approval costs). So you are looking at about $400-450k just to buy a brand new unit. Picking up a older...
  4. S

    NSW Central Coast

    This is only potential...the other is banks willing to lend developers. The land would need to gto up a lot to make it viable for developers....till then the development is a catch 22 as there won't be money in it. So watch what house prices do first!
  5. S

    NSW Central Coast

    Have any gone up in the last 2 years...
  6. S

    NSW Central Coast

    Question....have you seen any new apartment buildings go up in droves? The natural progression of growth in NSW is it start in Sydney...then it goes to Newcastle, CC, Wollongong..and then other regionals. Sydney is white hot....this will soon spread. The rents on the CC are insane as this...
  7. S

    NSW Central Coast

    Gosford is affordable...it is now much cheaper than Sydney....and yes the increase will be for both Units and Houses. The other thing is very little building has happened in CC for years...so supply is limited. Should be interesting....my Woy Woy purchase (2010) has gone up about 120k...
  8. S

    NSW Central Coast

    I have a couple up there. The market there is starting to move...not hot yet like Sydney...but a matter of time. Rent returns are good 6-7% is readily available. The areas in my view which are set for price rises are Woy Woy, Gosford, Narara, Mardi, Watanobbi (newer areas) and Berkeley...
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