On a macro scale – NSW Central Coast is the vast coastal and inland region between Sydney and Newcastle, bound by the Hawkesbury River to the south, Lake Macquarie to the north and the Watagan Mountains to the west. Located approximately 75km north of Sydney’s CBD, the Central Coast is helped by a well established transport system that has reduced the commute to Sydney to slightly over an hour by car or express train.
Niagara Park is located on the northern border of the city of Gosford, and 6km north of the Gosford CBD – the major regional centre. The suburb is well served by public transportation, with rail services to Sydney & Newcastle and buses to Gosford and other local destinations. Niagara Park a local shopping centre, schools, medical facilities, and community centres while being within easy reach of a number of the regional beach and bushland attractions.
Over the last 10 years the housing market in Niagara Park has outperformed that of the Central Coast region, returning growth of 7.7% per annum compared to 6.6%. This trend is set to continue over the medium term, with forecasted capital growth of 6-7% per annum.
The estimated average gross yield within the ‘Vicinity’ development is 4.3%, above the median rental yield in Niagara Park (4.1%)
The key market drivers at present are a combination of affordability, population growth and urban migration.
The ‘Vicinity’ development will be comprised of 49 three bedroom and three bedroom plus study villas and townhouses within a gated community. Vicinity has been designed to appeal to a wide tenant base, including young professionals and families. Added features such as the BBQ and recreation areas plus swimming pool, enhance the immense lifestyle emphasis placed on this development.
Each townhouse or villa will be fitted with finely appointed fixtures and fittings, stainless steel appliances, carpeted and tiled floors, private courtyards and intercom access to the front gate.