Where to Buy Investment Property in Central Coast, NSW – 2024

With some uncertainty in the real estate market due to rising interest rates, property investors have begun looking outside of capital cities to regional property markets. As well as sand, surf and a more relaxed lifestyle, the NSW Central Coast offers affordable property for first-home buyers and investors alike. It also offers premium suburbs that are attractive to investors who are looking to stretch their dollar further.

Central Coast property investors who’ve been quick to act to beat rising house prices are experiencing higher rental yields due to a lack of affordability in Sydney, which is driving growth in the Central Coast property market.

So, let’s take a look at what’s currently happening to the property market on the Central Coast and the best suburbs for investors to consider this year.

Why Invest in the Central Coast, NSW?

Proximity to the Sydney CBD

Taking just over an hour to Sydney by train from Woy Woy station, the Central Coast continues to grow in popularity with investors due to its connectedness to Sydney’s CBD.

Amenities and Growth

Though there are already plenty of local amenities, the government continues to invest in infrastructure with a vision to drive growth and investment across the region. These moves are backed by a new Economic Development Strategy, which has positioned the Central Coast for ongoing job creation and prosperity.

Affordable Property

Affordability is also driving growth on the Central Coast, with the median house price significantly lower compared to that in Sydney. Consistently low vacancy rates have also helped the Central Coast become highly sought after by those looking for an investment property.

Good rental yields and capital growth

Most recently, the Central Coast has seen a median rental yield of 3.3% for 3-bedroom houses and 4.1% for units.

Promising Neighbourhoods in the Central Coast for Investment Properties in 2023

From future development potential to high rental yields, here are the Central Coast suburbs that investors should be looking to sink their money into this year.

Ettalong Beach

Median House Price: $980,000 AUD

Why it’s worth investing in

In close proximity to Woy Woy Station and with good amenities, nature lovers are drawn to Ettalong Beach as it offers a relaxed lifestyle that’s also within easy reach of Sydney.

Zoned medium density, Ettalong Beach is an attractive long-term investment option as development opportunities dwindle.

Avoca Beach

Median House Price: $1.4 million AUD

Why it’s worth investing in

Although property prices are moderately high compared to other Central Coast suburbs, homes in the thriving community of Avoca Beach are highly sought after. Offering strong rental yields, many homes are within walking distance of the beach or have water views.

Despite interest rate rises across the year, prices have remained relatively steady in this premium market as demand for coastal homes holds firm.

Terrigal

Median House Price: $1.4 million AUD

Why it’s worth investing in

As land becomes scarcer in coastal suburbs, there remains a strong and consistent demand for existing dwellings in lifestyle suburbs such as Terrigal.

With a strong rental accommodation market, rising property prices, beautiful beaches and trendy cafes, Terrigal is an excellent choice for an investment property that offers long-term growth.

East Gosford

Median House Price: $965,000 AUD

Why it’s worth investing in

Just 15 minutes from Terrigal, East Gosford is a growing urban centre that’s currently seeing a lot of development, particularly in new infrastructure. This makes it a promising option for investors looking for strong capital growth.

As well as affordability and the proposition of growth, East Gosford is seeing increased demand. Many of its residents either commute to Sydney or are employed at local hospitals, meaning its proximity to essential services will see it retain its strong rental market well into the future.

It also features a mix of modern and older homes, and, like Ettalong Beach, it’s an attractive option for developers due to its medium-density zoning.

Killarney Vale

Median House Price: $800,000 AUD

Why it’s worth investing in

With affordable housing options, this family-friendly neighbourhood is perfect for first-home buyers and investors alike. Located close to the popular Long Jetty, which has a significantly higher median house price, Killarney Vale is considered an opportunity for significant long-term growth as it has been impacted by interest rate rises, with reduced prices.

With a growing list of amenities close to the beach and recreational areas, Killarney Vale is a long-term proposition that shouldn’t be overlooked.

Bateau Bay

Median House Price: $1 million AUD

Why it’s worth investing in

Sitting just a 1.5-hour drive from Sydney and 20 minutes from Gosford, Bateau Bay provides residents with a great balance of work and lifestyle with an ideal mix of nature and urban living. Despite being a sought-after location to live with a strong rental market, Bateau Bay still offers affordable options for investors.

Another factor pushing up demand in the suburb is the large number of infrastructure projects nearby, including a $420 million Central Coast Highway upgrade that’s set to reduce congestion for commuters.

Long Jetty

Median House Price: $1,050,000 AUD

Why it’s worth investing in

With lakeside residential streets and proximity to beaches, Long Jetty, near Tuggerah Lake, is the perfect choice for property investors this year.

It has seen strong demand for properties, including rentals, in recent years due to gentrification projects, and the market doesn’t look likely to slow anytime soon.

Toukley

Median house price: $735,000

Why it’s worth investing in

Located 15km north of Bateau Bay and just over 100km from Sydney’s CBD, Toukley has seen enormous growth in the past year but is still a very attractive investment opportunity in the Central Coast market.

With strong rental demand, tons of natural beauty and millions of dollars of future projects in the pipeline, investors would be wise to move on this suburb while prices remain so affordable.

How to Maximise the Potential of Your Investment Property

Whether you’re looking for a home on the Central Coast for rental accommodation, a place to holiday or you plan to move in, why not maximise the potential of your investment property by making the most of its backyard too?

Building a Granny Flat with Granny Flat Solutions is a great way to add extra potential for income. If your home meets all of the requirements, it doesn’t need council approval and can be constructed in as little as 16 weeks.

So to maximise your income potential on your Central Coast property investment, give Granny Flat Solutions a call or visit one of our display homes today!