Hi,
I am new to this thread but have been undertaking some research about Charmhaven, NSW.
I've read some older posts about the Central Coast of NSW (from 2008) from this site. People have some fairly strong views on the area. I was wondering what locals and investors have to say about Charmhaven. I've had discussions with local agents all of whom have varying sales pitches about sales in this suburb. Most, however, agreed that a waterfront property in Charmhaven was worth somewhere in the low to high four hundred thousands and the rest of the suburb less.
The suburb recently experienced a record breaking price with the sale of 23 Panorama Avenue ($745k) which is a bit of a shock given the area's average price. The same suburb still has fibro shacks (1 Moala Parade, for example, which is almost across the street from 23 Panorama Avenue and is listed for sale at under $250k).
Capital growth has been very low in this suburb, even for the waterfront properties. As a result of the dramatic range in prices I'd appreciate hearing opinions of locals and investors about this particular suburb. Why would I live there? Why would I invest there? Or, why wouldn't I invest or live there?
Also, there seems to have been a lot of development with townhouses, villas and duplexes in Charmhaven and nearby Gorokan. Is this something worth considering?
Thanks very much, a long post, but I'd really appreciate reading what people think.
Thanks,
JP
I am new to this thread but have been undertaking some research about Charmhaven, NSW.
I've read some older posts about the Central Coast of NSW (from 2008) from this site. People have some fairly strong views on the area. I was wondering what locals and investors have to say about Charmhaven. I've had discussions with local agents all of whom have varying sales pitches about sales in this suburb. Most, however, agreed that a waterfront property in Charmhaven was worth somewhere in the low to high four hundred thousands and the rest of the suburb less.
The suburb recently experienced a record breaking price with the sale of 23 Panorama Avenue ($745k) which is a bit of a shock given the area's average price. The same suburb still has fibro shacks (1 Moala Parade, for example, which is almost across the street from 23 Panorama Avenue and is listed for sale at under $250k).
Capital growth has been very low in this suburb, even for the waterfront properties. As a result of the dramatic range in prices I'd appreciate hearing opinions of locals and investors about this particular suburb. Why would I live there? Why would I invest there? Or, why wouldn't I invest or live there?
Also, there seems to have been a lot of development with townhouses, villas and duplexes in Charmhaven and nearby Gorokan. Is this something worth considering?
Thanks very much, a long post, but I'd really appreciate reading what people think.
Thanks,
JP