With the Central Coast’s population expected to grow by 80,000 over the next 15 years, property investors and home owners are looking more closely at this region.
There are some great things happening on the Central Coast in addition to being a renowned lifestyle region and home to beautiful beaches, major commercial and recreational hubs such as Gosford, Warnervale, Newcastle and the Hunter Valley.
Gosford has been tipped as a growth hotspot, as has the little known suburb of Warnervale. Full suburb reports are available below, but here is a quick snapshot of why these suburbs could be a great opportunity for home owners and property investors for years to come.
Gosford: Increased Housing Growth and Boom in Population
The Gosford City Centre Masterplan showcases five key precincts that will endeavour to turn the suburb around over the next 5 years.
The Waterfront precinct will host new apartments (currently being sold off the plan), restaurants, retail, entertainment and offices, providing a strong drawcard for both Sydneysiders and locals. Learn more via the Gosford Waterfront Development Control Plan.
The Gosford city centre
Work has already started in this area with the upgrade of Kibble Park, improvements to the Imperial Shopping Centre and an upgrade of Mann Street and links between Donnison Street and Rumbalara.
The Gosford Hospital precinct
With both public and private hospitals in Gosford, the streets around the busy Hospital Precinct will be upgraded and the Gosford Hospital is currently undergoing a $368m upgrade which will create approximately 1,000 new jobs.
The Railway precinct
With so many commuters from the Central Coast to Sydney and Newcastle, Gosford railway station surrounds will benefit from wider footpaths, better amenities and improved safety.
The Arts and Entertainment district
Certainly a contentious topic on the Central Coast, the masterplan identified the development of a new Gosford Performing Arts Centre, but the proposed location has been snapped up by the ATO new offices, which in turn will bring 600 jobs to Gosford.
Free Gosford suburb report
Gosford has seen a substantial increase in housing growth over the last 3 years - a 6.8% increase in just the last 12 months. And with a median sale price for houses sitting at $630,000 the suburb provides affordable options for both home buyers and property investors.
Property developers have arrived in Gosford and there are many developments selling off the plan at the moment.
To download a free Gosford Suburb Report, click the button below and subscribe to our newsletter. We’ll also include a full report of available properties for sale in Gosford including days on market and click-thru links to the advertised listing. A report on current rental properties in Gosford is also supplied so property investors can research the market before buying.
Warnervale: More Jobs and Better Infrastructure
Warnervale is set to become a little gem on the Central Coast with Woolworths becoming the anchor tenant in the Warnervale Town Centre development. Although Woolworths have announced they will halve its new developments from 90 to 45 over the next three years, a Woolworths spokesman said the company remains committed to the Warnervale Town Centre site. You can view the Warnervale Development Control Plan here.
More jobs for Warnervale
Mr Baird recently announced with great fanfare that Amphibian Aerospace Industries would spend $100m on a new manufacturing centre and create thousands of jobs after securing a 40-year council lease at the newly named ‘Central Coast Airport’ in Warnervale.
As part of the council’s newly adopted operational plan, administrator Ian Reynolds said $5 million would be allocated for a special hub at the 540ha site known as Precinct 7A which is close to the proposed Warnervale Town Centre and would be home to the business park and education precinct.
The great part about Warnervale is that some of the infrastructure has already been completed. The council has upgraded Sparks and Minnesota Roads, however they are dragging their feet on the new North Warnervale Railway Station.
Opportunities for home buyers and property investors
The development of Warnervale Town Centre and surrounding business and infrastructure projects will certainly help push property prices up in this area, but the slow progress does provide an opportunity for buyers to grab a bargain before the projects are realised.
Free Warnervale suburb report
To download a free Warnervale Suburb Report, click the button below and subscribe to our newsletter. We’ll also send you a full report of available properties for sale in Warnervale including days on market and click-thru links to the advertised listing. A report on current rental properties in Warnervale is also supplied so property investors can research the market before buying.
Gosford and Warnervale on the Rise
There are already numerous factors to indicate that properties in Gosford and Warnervale are in demand, due to affordable pricing, scenic water views, and a rise of businesses coming into the area. With the development work in progress for both suburbs, now is a good time to secure a property in this area before the market reaches its peak growth value.
Home loans for owner occupied and investment properties
As mortgage brokers, we’re securing home loans for owner occupied and investment properties on the Central Coast for locals, interstate and international clients. Interest rates and credit policy differs significantly between the types of loans, so dealing with an experienced mortgage broker is the best way to secure a positive outcome.