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I'm planning to drive up to CC this weekend to do some research for my IP purchase.
I realise it's a big area and not sure quite where to start.
Any tips?
Cheers,
dreamgirl
Depends on what your plans are, investment goals etc?
There is a massive mix of property on the coast. Hard to start without a bit of a clearer plan.
Start where I mentioned then work your way around from there.
Wamberal house is open tomorrow 10.30 11.00am, have a chat to Agent,
and the Tumbi one is a drive by only. never know if you dont go...!
Good luck and let us know how your research went.
Will check it out.
I don't believe I have the Wamberal address.
Investors are definitely out there on the CC.
Had one real estate agent complaining they now have more empty rentals then listings to sell. and due to this rental prices are dropping in certain area's.
I've given up looking for now on the CC, very little positive geared and if
you do find one there are many making higher offers.
I think that really depends on the area.
Take a look around Gosford, there are hardly any rentals available and vacancy rates are still incredibly low.
Investors are definitely out there on the CC.
Had one real estate agent complaining they now have more empty rentals then listings to sell. and due to this rental prices are dropping in certain area's.
I've given up looking for now on the CC, very little positive geared and if
you do find one there are many making higher offers.
Both mine on the cc just had rent increases and the RE said mid range rentals were still in demand but not so much the high-end stuff. Cheers, Ali
Hi Coral,
Kinarra Avenue Wyoming is a pretty run of the mill street on the Central Coast - not particularly flash and not particulary shabby. Pretty standard tenant territory. It has a large bulk billing medical centre at the start of the street, at its intersection with the Pacific Highway. It is about a fifteen minute drive to Gosford train station. Many units and townhouses but currently, reasonably low vacancy.
With regards to the rp data via CBA, it says that Wyoming has had a negative 2.13% growth for units over the past twelve months. This data set also correlates with australian property monitors data set via this link.
http://www.homepriceguide.com.au/Re...&LocationType=Suburb&State=NSW&SuburbId=49622
A 420k townhouse in Wyoming would be far higher than the median price for units in this suburb which stands at 263k according to CBA rp data.
Good luck with your search - this is always the difficult bit.