Economic conditions in Gosford are strong and the region is forecast to grow even further in the years to come. The population growth and expansion of a skilled local workforce will drive the need for quality housing and will have a positive flow-on effect for local business. Dwelling prices in Gosford have risen sharply over the past two to three years.
The Gosford City Centre Masterplan was formatted by Gosford City Council after extensive community input. The plan highlights to desire for Gosford to be recognised as the regional city of the Central Coast. It outlines the vision for new public amenity and uses including business, government, recreational activities, education, retail and cultural. The Masterplan identifies five key precincts of activity: The Waterfront, The City Core, The Hospital Precinct, The Railway Precinct and The Arts & Entertainment District.
This ongoing and planned investment in local infrastructure is a driving force feeling the growth of Gosford’s residential property market.
– As the regional centre of the Central Coast, the City of Gosford provides residents with proximity to a diverse array of amenities and lifestyle attractions. These include convenient transport connections (bus and train), extensive retail options, a busy dining scene, a waterfront precinct and sporting facilities such as Central Coast Stadium.
– The State and Federal Governments are spending $1b on infrastructure in and around Gosford by 2020, which will significantly enhance its appeal and connectivity. This includes the transformation of five local precincts under the Gosford City Centre Masterplan, including the revitalisation of the waterfront and numerous roadworks projects.
– Gosford lies at the heart of the Central Coast, one of NSW’s best-loved lifestyle regions. The area continues to grow and thrive as both a desirable place to live and a flourishing tourist destination. It’s home to renowned beaches such as Avoca, Terrigal and Macmasters, expanses of national parkland and picturesque waterways such as Brisbane Water.
– The calibre of recent residential developments in Gosford has improved substantially, with many well-known architects designing buildings here. This is a powerful drawcard for buyers, especially design-conscious buyers relocating from the city or purchasing investment properties or weekenders.
– With soaring Sydney prices driving buyers out of the city, the Central Coast is an attractive, affordable option for cashed-up investors, drawn to the area’s value for money, strong rental returns and positive capital growth. Sydneysiders are one of the largest demographics to invest in the region.
– Gosford and the Central Coast region are poised for substantial population growth over the next 20 years, enhanced by the Government’s relocation of the ATO and the NSW State Finance Department.
– Gosford delivers strong rental returns, making it a particularly attractive investment prospect with a high gross rental yield.
– As a major medical hub for the Central Coast region, Gosford is home to Gosford Hospital and North Gosford Private Hospital, along with a variety of specialist and support services. Gosford Hospital is undergoing a $368m upgrade which will create about 1,000 new jobs.
– As a desirable family oriented area, local educational amenities are abundant, with several institutions located in the centre of Gosford. Primary and high schools, both private and public, are highly regarded and a number of tertiary institutions are within close proximity.
– Gosford is well connected to both the Sydney CBD and other reaches of Sydney via the M1 Pacific Motorway and public transport. It is presently a 1 hour 45 minute car journey or a 1 hour 20 minute train ride to Central Station. Extensive infrastructure investment in roadworks projects such as NorthConnex will further enhance connectivity and reduce commuting times.