NSW Central Coast

Discussion in 'Where to Buy' started by Paul B., 12th Mar, 2013.

  1. china

    china Member

    Joined:
    17th Apr, 2011
    Messages:
    2,877
    Media:
    1
    Location:
    sydney nsw
    Gosford unit prices have already shot up in the past 12 months. Do you think that they will continue to climb? Or have the price increases already factored in the above developments?
     
  2. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
  3. china

    china Member

    Joined:
    17th Apr, 2011
    Messages:
    2,877
    Media:
    1
    Location:
    sydney nsw
  4. ali

    ali Member

    Joined:
    30th Jul, 2010
    Messages:
    194
    Location:
    Port Stephens
    Last edited: 13th Jul, 2014
  5. nww

    nww Member

    Joined:
    2nd Feb, 2009
    Messages:
    994
    Location:
    NSW
    Yes been watching a few in Gosford (units) and definitely selling quickly the last few months.

    Not as much stock further up the northern end.
    Noticed Budgewoi rank top of the mortgagee in possessions
     
  6. china

    china Member

    Joined:
    17th Apr, 2011
    Messages:
    2,877
    Media:
    1
    Location:
    sydney nsw
    I think 6.6% plus gross rental returns seem the norm at the moment. So mostly neutrally geared properties on 100% borrowing of the purchase price.
     
  7. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
  8. Snoopy

    Snoopy Member

    Joined:
    25th Jun, 2013
    Messages:
    65
    Location:
    Sydney
    Will this $500m Theme Park really happen? They haven't even lodged the plans yet.
     
  9. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
  10. china

    china Member

    Joined:
    17th Apr, 2011
    Messages:
    2,877
    Media:
    1
    Location:
    sydney nsw
    I think if it happens it will end in tears. It will be the biggest white elephant / ghost town ever.

    If you wish to visit China, you would go to China. Or if you cant afford overseas travel, visit Bankstown or Chatswood Why on earth would you wish to visit a tacky pseudo theme park in the middle of nowhere?
     
  11. nww

    nww Member

    Joined:
    2nd Feb, 2009
    Messages:
    994
    Location:
    NSW
    Eaton wheels this out every few months for publicity , he only scraped in with
    preferences last time.
     
  12. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
    Yeah he does, I was more referring to the increase in Chinese investment in the general region.
     
  13. nww

    nww Member

    Joined:
    2nd Feb, 2009
    Messages:
    994
    Location:
    NSW
    I think its been all talk with Eaton so far , plans for the theme park , uni and
    now a fancy twin apartment block at The Entrance all funded by the Chinese,
    Lets wait and see a DA go in before we even start to believe his tripe.
    If he was so serious why did he not get them to also pay the 17 million for land
    for the airport the rate payers have now forked out , gee they could have also
    paid and constructed it as well.

    Lets see if I eat my words in a few years time.
     
  14. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
    Constructing an airport for 17 million?!? Come on, your looking at 1.7 billion for Badgery Ck. Granted this airport would not be as large, but your statement they could have paid and constructed it as well is a bit of a stretch.

    I would guess several hundred million to half a billion at a minimum to construct a regional airport.

    You may have to eat your words, Quantum Towers in Gosford starts construction in two months time with over 60% units now sold.

    Only will take 1 or 2 significant projects to really start the ball rolling.
     
  15. MattA

    MattA Member

    Joined:
    6th Apr, 2014
    Messages:
    5
    Location:
    Central Coast, NSW
  16. ali

    ali Member

    Joined:
    30th Jul, 2010
    Messages:
    194
    Location:
    Port Stephens
    Actually its 600. The 1400 figure includes predicted flow-on jobs. Still, it will be good to have anything that helps restart gosford.
    Cheers Ali
     
  17. ali

    ali Member

    Joined:
    30th Jul, 2010
    Messages:
    194
    Location:
    Port Stephens
  18. china

    china Member

    Joined:
    17th Apr, 2011
    Messages:
    2,877
    Media:
    1
    Location:
    sydney nsw
  19. ali

    ali Member

    Joined:
    30th Jul, 2010
    Messages:
    194
    Location:
    Port Stephens
    Hi China, I have hopes for gosford real estate for the reasons others have outlined. Namely :
    Northconnex
    A proactive council ( IMO this has definitely held the area back in the past)
    ATO jobs promised
    Possible uni in the cbd
    Ripple effect from Sydney RE prices only just getting started
    Baby boomers wanting to live near Sydney but not in it
    solid rental demand and growth (returns still reasonable)

    For disclosure I have an IP (house) in north gosford .
    Cheers Ali
     
  20. rockDr

    rockDr Member

    Joined:
    24th Jul, 2013
    Messages:
    105
    Location:
    Rosebery, Tasmania
    ATO building is among one of those DA applications, expected start on construction next year.

    Finally things are looking up for the Gosford area. Been a long time coming, will be a lot of unit supply coming online over next couple of years, but with all new commercial and jobs in the CBD will be a much more attractive place for people to live.