Suburb Profile Report for Gosford NSW (2250)

Gosford Unit: Median price $430,000, Annual capital growth 5.50%, Number of sales 130, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Gosford has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.40% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gosford has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Gosford are currently offering property investors an average price cut of -8.18% below the asking price at the moment.

On average over the past year, suburb has had 10.83 sales per month, which equates to 130 per year.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Information supplied by:


April 2019

M
O

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Rental spaces are quite available

Postcode: 2250

Median unit price: $440,000

Vacancy rate: 5.2%

Three-year growth: 18.0%

Right in the heart of the Central Coast is the suburb of Gosford. This region is known for its national parks, proximity to beautiful waterways and beaches.

Activities of choice are swimming, surfing, diving, kayaking and fishing. Terrigal, Avoca Beach and Ettalong Beach are among the best spots for visitors. Those who prefer to stay dry can go bushwalking, ride horses or pedal up the hills. The Australian Reptile Park makes it home here, and a ferry goes from Palm Beach to Ettalong Beach, offering stunning views of the scenery in the process.

While visitors find Gosford appealing, renters may not, as the average vacancy rate shot up from 4.2% in January 2019 to 5.2% a year later. Weekly rents come in at an average of $380, and landlords are able to reap a 4.5% return.

Metrics i HOUSE UNIT
N/A $430,000
N/A -1.15%
N/A -4.40%
N/A 5.50%
N/A $390
N/A 130
N/A 4.72%
N/A 78.2038834951456

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 3391
Median household income ($/weekly) 1013
Median age of persons 34
Median housing loan repayment ($/monthly) 1570
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 471 13.9
    25-34 years 803 23.7
    35-44 years 422 12.4
    45-54 years 474 14.0
    55-64 years 355 10.5
    Others 867 25.6
    Age Group
    Census Count Percent(%)
    Not Married 1417 54.6
    Registered Married 698 26.9
    Defacto Relationship 478 18.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2158 71.6
    Croatia 81 2.7
    Papua New Guinea 66 2.2
    United Kingdom 161 5.3
    Other 167 5.5
    Others 381 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 115 4.0
    Christianity 1770 61.7
    Hinduism 78 2.7
    Islam 46 1.6
    No Religion 825 28.8
    Others 35 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 156 10.2
    $600-$799 166 10.9
    $800-$999 166 10.9
    $1,000-$1,249 197 12.9
    $1,500-$1,999 207 13.6
    Others 632 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1230 44.9
    Not in the labour force 820 29.9
    Employed, worked part-time 439 16.0
    Unemployed, looking for work 143 5.2
    Employed, away from work 106 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 11.0
    Professionals 428 24.1
    Technicians & trades workers 237 13.3
    Community & personal service workers 204 11.5
    Clerical & administrative workers 276 15.5
    Others 436 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 32 5.7
    Infants/Primary 68 12.2
    Secondary 72 12.9
    Technical or Further Educational Institution 155 27.7
    University or other Tertiary Institutions 200 35.8
    Others 32 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2404 84.9
    Separate house 231 8.2
    Semi-detached, row or terrace house, townhouse 192 6.8
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1112 69.2
    Being purchased 288 17.9
    Fully owned 203 12.6
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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