Property investors who have had real estate in Gosford, 2250 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.37%
The five-year average increase in median property values for Gosford,2250 has given property investors a potential capital gain of 38.71% across each of those five years.
Property investors looking for a bargain in Gosford should be aiming for at least -8.10% off the asking price, which is the average vendor discount being achieved at the moment.
At number 610 in a list of fastest selling suburbs, Gosford is just in the top half of suburbs in Australia with an average of days on market 77.5 for properties listed there.
The NSW suburb of Gosford, 2250 is in the Central Coast (C) (NSW) local government area.
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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.