Central Coast vs Western Sydney
We have mentioned many times why we believe real estate in the Central Coast and Hunter Valley are better investment options than in Western Sydney. We have done our research and the proof is in the numbers!
We have used Hamlyn Terrace on the Central Coast and Oran Park in Western Sydney for our comparison. We have chosen these 2 suburbs as they are very popular suburbs for owner occupiers and tenants in their respective regions, they are on par with each other on the population mix, and are both undergoing major development in both residential and commercial spaces.
So how do they stack up??
You can see in the image the side-by-side comparison where Hamlyn Terrace comes out on top - cheaper house prices, better growth, better ROI and closer to beaches and other lifestyle opportunities.
The only 2 aspects where Hamlyn Terrace did not come up trumps were:
- Average Rental Income. Hamlyn Terrace averages $50 per week less in rental income, but in comparison to what you pay for a home compared to Oran Park you are better off. Pay $520k and receive $450pw rent or pay $660k and receive $540pw rent? Compare the mortgage repayment on each and you will see that Hamlyn Terrace is really the winner in this category too.
- Time to Sydney CBD. Google estimated the drive time from each suburb to the CBD to give us the times below. These times must be at 2am with no traffic! While I know that driving south down the M1 is not ideal, driving (parking?) on the M5 is sometimes worse.
With these being the only 2 downsides to investing on the Central Coast - I know where I'd put my money!
All sources used for this information comparison are available on request.
Proven Trusted Authority
Tony has most definitely proved himself to be the trusted authority when it comes to wealth through property investment! With his professional approach, Tony has assuredly created an opportunity that may not have otherwise been possible for me. His personal ethics shine through and I cannot thank him and his team enough for their 5 star service, and willingness to go the extra mile in customer satisfaction. Thank you Tony, for your wealth of knowledge and expertise in helping build a successful property portfolio for my retirement!!
- Engelina B
Tony took his time to meet my requirements
When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.
Nothing but wonderful!
My venture into my first home on the coast was made easy by the support from Tony and his team. They were nothing but wonderful!
Willing to go the extra mile
Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.