Oliver Myers Real Estate
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Address: Suite 301, Level 3, Imperial Shopping Centre
171 Mann Street, Gosford, NSW 2250
Central Coast vs Western Sydney

Central Coast vs Western Sydney

  • 16 Mar 2017

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??

Central Coast vs Western Sydney

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:

  1. 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.
  2. 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.

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.

- Mac
Maroubra

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!

- Katherine
Hamlyn Terrace

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.

- Roger Smith
Tea Gardens

Making Life Easy for us Landlords!

Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!

- P & L Sherrell
Mt Annan