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.
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Rental spaces are quite available
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.