A SMART INVESTMENT
Strong drivers of demand in the Gosford apartment market are higher than average amenity and liveability offerings, such as schools, retail, entertainment, public transport and health. Archibald also benefits from increased value attached to locations near water.
|$1,460||Average Weekly Household Income|
|39 years||Average Age|
|47.7%||Currently Renting Apartments|
YIELD AND RETURN
Apartment markets in Gosford have benefitted from the work-from-home (WFH) phenomena whereas apartments in Greater Sydney have been hampered by it. The Gosford apartment market saw prices rise 45% (32% in real terms), compared to the Sydney market’s rise of 9%.
|0.5%||Gosford Vacancy Rate|
|$500||Gosford Current Median Rent|
GOSFORD AND THE LARGER CENTRAL COAST ARE EXPERIENCING DECLINING VACANCY RATES AND INCREASING RENTS, PROVIDING THE IDEAL ENVIRONMENT FOR INVESTORS.
Gosford is highly attractive for tenants seeking a laid-back, comfortable lifestyle with convenient access to transport, employment, facilities, and entertainment. Long-term growth in the area combined with ALAND’s 0.5% vacancy rate provides a growing rental return on your investment.
Top four industries projected to have the most growth 2021-36:
|+2,301||Health Care and Social Assistance Jobs|
|+1,232||Public Administration and Safety Jobs|
|+883||Accommodation and Food Services Jobs|
|+856||Professional, Scientific and Technical Services Job|
Gosford has outperformed the Sydney market by a substantial margin in terms of the apartment market. The cost of land will continue to push the market towards higher density and apartments. As the prices are relatively low compared to Newcastle and Sydney, one vital area for investors to look for is buying off the plan apartments.