The Central Coast has grown in popularity with investors recently. It’s always been a great place to invest, but why are people now jumping on the bandwagon?
Some of the factors people look to when investing are what amenities are in the area, and how well is it connected to the main city. The Central Coast is quite unique it that it is very well connected to the main city, and many people commute every day from the Central Coast into Sydney as it’s such an easy train ride. From Woy Woy station it’s only a scenic 1 hour and 10 minute ride into Sydney’s Central Station. It’s even an easy drive, traffic dependant, once you’re on the M1 it’s only an hour into the heart of Sydney’s CBD.
Why invest on the Central Coast?
Investing in the Central Coast is popular with investors, also because of the amenities you will find in most places. There aren’t many neighbourhoods that don’t have a local Bunnings, Aldi, Woolworths, Coles and Kmart within a 10-minute drive.
The Central Coast is gentrifying in certain areas, higher income earners are enjoying their new flexible working arrangements, vacancy rates are low and the State government is currently rezoning land and updating infrastructure. These are the things seasoned investors look for when deciding where a good place is to park their money.
Affordability is also a factor when looking at whether the Central Coast is a good place to invest. While prices have increased dramatically in recent years, the median house price is still the accessible figure of $844,165, compared to Sydney’s median house price of $1,601,465.
There are many factors to look at but everything points to the Central Coast being a great place to invest. We can help you pinpoint the perfect area for your investment property, we would love to help you on your investment journey.
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or you may read our article on Affordable Beachside Property in Central Coast, NSW which will help you in understanding – Why invest on the Central Coast?