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Is anyone familiar with the Watanobbi area?
It's right next to Wyong which isn't thought of as the nicest suburb.
There are lots of very nice properties in Watanobbi, I'm interested in hearing your opinions about this suburb as far as a place to live.
Pros: Some nice properties, close for access to the F3 freeway for commuters, close to Wyong train station, close to new fast food outlets at North Wyong, $255K median house price is affordable (prices seem to have come off about 10% - so probably bottom of market now).
Cons: Under flight path of Warnervale airport (although only small aircraft - and will probably be closed longer term as locals oppose its existence), lots of lower socio-economic element (as previously mentioned), , hasn't got a good name amongst locals.
Any views of the yields generally available there?
Im targeting Killarney Vale, Berekly Vale, Toukley, Kanwal, Wyongah and thats about it.
hilly1981 - I am not touching Watanobbi now either.
Kanwal is a prime target and I have several properties Im interested in there.
evand - prices have bottomed out on the coast but there must be some sort of demand. I've missed out on 2 or 3 properties I really liked because someone beat me to it and thats just in the last month.
As for comparing it to Syd's western suburbs - the proximity to beaches and an actual lifestyle put it heads and shoulders above anything in western sydney.
Can you advise which parts of the central coast have "stayed flat or slightly declined"
This is simply just plain UNTRUE. I keep in regualr contact with local REA's and a close one in Charmhaven sold 18 properties last month - one of their best months on record.The central coast has absolutely tanked....zero demand.