Gosford is the administrative centre of the Central Coast of NSW and is located approximately 50km north of Sydney (approximately the same distance to Penrith). The city is a scenic 75-minute train ride from Gosford, however many locals are now working from home or finding jobs in the area as it continues to grow. Others are fortunate enough to retire in this beautiful part of the world and leave the city life behind.
Gosford is an historic city in Australian terms. The rail link to Sydney was completed in 1887 and the Pacific Highway was constructed in 1930. Development took off after this, so there are some lovely period homes spread around, although the majority are post-war brick or clad homes. Development has started to pick up again spurred by the Gosford City Centre Masterplan which aims to increase the number of residents and jobs in the city centre by 10,000 and 6,000 respectively by 2031. This means the council is supporting significant redevelopment of all types including luxury houses, townhouses, apartments and mixed-use developments. This is in stark contrast to many areas of Sydney that are pushing back against redevelopment in an effort to reduce population growth in the area.
Gosford provides major economic, retail, community and cultural facilities for the Central Coast, which is home to over 300,000 people. Demand to live in the city is continuing to grow due to its relative affordability to Sydney and even Newcastle, its enviable lifestyle with proximity to beaches and national parks, and an increasing number of jobs. By 2031, there are expected to be an additional 55,000 on the Central Coast. Industries most in demand include Health Care, Construction, Retail, Education and Accommodation services.
Mann Street is the main street though Gosford and has a number of restaurants with cuisines ranging from Middle Eastern to Nepalese and Japanese. The Imperial Centre includes Woolwoths
Supermarket, although head to nearby Wyoming Shopping Centre or Erina Fair for larger shopping centres with department stores and Hoyts Cinema.
One of the main attractions to living in or around Gosford is its relaxed lifestyle and access to picturesque waterways and national parks. Brisbane Water is a haven for all types of water sports and has several beaches that you can sometimes have all to yourself, which is unheard of in Sydney! There are many walking paths to choose from including the 250km Great North Walk from Sydney to Newcastle via Brisbane Water National Park.
Gosford Hospital is undergoing a $348m redevelopment which includes a new 11 storey tower housing a new Special Care Nursery and Intensive Care Unit. The tower opened last month, however the full redevelopment will not be completed until late next year.
There are numerous quality schooling options in the area including Gosford and Gosford East Public Schools. Gosford High is the local secondary school, however other private options include St Edward's Christian Brothers College in Gosford (boys only) and St Joseph's Catholic College in East Gosford (girls only).
The median house price for inner Gosford (2250 postcode) is $663,000, which is up 6.8% on 12 months ago. This looks extremely affordable when compared to inner Newcastle (almost $1.3m) and Greater Sydney (just over $1m). For $660,000, you can buy a four bedroom brick home in need of a cosmetic renovation on 600sqm in Wyoming. Closer to the city in North Gosford, $770,000 will buy you a three bedroom, 2 bathroom home in reasonable condition on almost 1,000sqm! It almost seems too good to be true! These properties would rent for around $500/w as is or $550-$600/w once renovated.
The median unit price in inner Gosford is an even more affordable $482,500 (up 7% on this time last year). This will buy you an older two bedroom townhouse with parking in the prestigious Point Frederick or a spacious three bedroom, two bathroom unit (early 2000’s complex) in Gosford. Get in while you still can!
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