Thanks guys. Yea i wonder if the Chinese theme park proceeds weather the area will gain much Capital Growth. I also heard plans for a regional airport. We will just have to see. Thanks for rhe info guys!Some big Chinese theme park planned in Warnervale apparently http://www.wyong.nsw.gov.au/for-business/chinese-theme-park-warnervale
Cons: lower socio-economic area, most of my tenants have been single mums on Centrepay etc.
I am ambivalent about Wyong & surrounds. It's the only place that I had to put in an insurance claim for when my IP's TV aerial got nicked. (who does that, seriously?)
Up there the other day, lots of development happening around warnervale and more to come..plenty of land ! Demographic consists of a lot of tatts, tap out clobber and single mums.
Not my kind of opportunity for my first investment property. If you have seen the kind of people in the street you would know the kind of people it would attract to be the tenant, I don't want to be fixing holes in the wall every week.
I know a few (normal) young families from Syd who have moved to the Central Coast (not sure where exactly) because they needed to upsize and couldn't afford in Sydney. They commute to Sydney and / or work from home.
I wonder if this will become a trend over time as Sydney becomes less affordable.