Central Coast

Leading design practices DKO and Furtado Sullivan have been named as lead architects for the final piece of St Hilliers integrated mixed-use Gosford precinct, Central Coast Quarter.

Evaluating the design schemes, an independent panel of judges nominated&nbsp;a coastal concept from DKO and Furtado Sullivan&nbsp;as the most successful and appropriate response to the brief's design, planning and commercial objectives.

Noted for its elegant&nbsp;take on the project, the winning concept presents two towers set alongside a central public pavilion that will activate the area with retail and hospitality venues.&nbsp;

<img alt="Central Coast Quarter towers" data-entity-type="file" data-entity-uuid="3b591cb1-aa77-41ac-a7bd-0108bc8be824" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-10%20at%2010.15.57%20am.png?VersionId=ZXBbGk8XkMV.XA9krZyEJtoDZzvyUu3h" />

With a vision for the Central Coast Quarter to become a landmark in Gosford, DKO and Furtado Sullivan designed a collection of buildings that speak to context and culture while maximising liveability, work and leisure.&nbsp;

The jury commended the proposal’s response to ‘Connection to Country’, which set the framework for the built-form response, as well as the continued engagement and consultation with local Indigenous groups. 
 
Development Director for St Hilliers, Justyn Ng,&nbsp;hailed the competition as a success, praising DKO and Furtado Sullivan for their design concept that connects Central Coast Quarter to Gosford’s built and natural environment. 
 
“The sophisticated design by DKO and Furtado Sullivan is perfect for the eastern and southern portions of the Central Coast Quarter project,” Ng said.

<img alt="Central Coast Quarter towers" data-entity-type="file" data-entity-uuid="7385b1dc-217e-4ecc-bcd5-cde388d5dc0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-10%20at%2010.16.03%20am.png?VersionId=Sgp960OkJY1C7DkEMrWjmjxliRc8eCDb" />

“This is the first time a design competition has run under the State Environmental Planning Policy (Gosford City Centre) 2018 and the outcome will set a new standard for design excellence in the CBD.”

“There was a huge focus on integration among the submissions, with the winning design going to great lengths to incorporate the recently transformed League Club Field and food and beverage outlets seamlessly.”

Ng said it was a milestone to unveil the design for the final stages of the Central Coast Quarter project, particularly following the success of its first stage which was also awarded to DKO.

“We have had an incredible reception to the first stage of Central Coast Quarter; with over 95 per cent of apartments now sold. The completed value of this tower will exceed $115 million” he said.&nbsp;

<img alt="Central Coast Quarter towers" data-entity-type="file" data-entity-uuid="f432c13f-404b-4f89-bc0b-1e944afafc76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-10%20at%2010.00.16%20am_0.png?VersionId=ghY58V4vXvsApPJzbAWdqh0pGoJnx9GQ" />

“We look forward to delivering an equally sophisticated design for the final release, which we are confident will attract significant interest from people who recognise Central Coast Quarter for its location and quality.”

DKO Director, Nicholas Byrne&nbsp;said the team was thrilled to collaborate with a developer such as St Hilliers on the final stages of what is destined to become a legacy project.

“This was a huge opportunity for the practice to work on a large-scale multi-staged development in the rapidly growing Central Coast region. We hope the series of buildings and spaces in the precinct will create a unique place for the City of Gosford, reflecting the broader landscape and respecting Country,” he said.

The winning team’s vision to create a ‘permeable precinct’ considered the site’s prime location and history by using the large Port Jackson Fig tree as a ‘marker’ to welcome locals and visitors.

The central pavilion is the ‘jewel’ of the precinct, designed to feel open and welcoming while providing breakout spaces to encourage creative operators to curate a range of diverse experiences.

The design is currently in development for the development application which is expected to be lodged by the end of 2022.

<h2>Central Coast Quarter at a glance</h2>

<h3>Retail Podium</h3>

A selection of finely curated retail and commercial spaces connect the laneways from Mann Street to Baker Street.&nbsp;Across three cascading terraces, Central Coast Quarter’s Pavillion is set to host an array of outdoor dining and function spaces, inviting the community to enjoy luxury hospitality at their doorstep.

<h3>Southern Tower</h3>

Home to over 100 apartments enjoying direct valley, parkland, and waterway views, the residential tower features a unique ‘scallop’ design of the balconies, delivering an elegant yet playful façade.

<h3>Eastern Tower</h3>

The eastern tower consists of an 18-storey commercial building above the terraced public realm; designed to offer flexibility, as well as a vibrant, active and easily accessible space, the eastern tower, alongside the Stage 1 building, ‘The Waterfront’, will form a diverse and cohesive precinct.&nbsp;

The jury commended the proposal’s response to ‘Connection to Country’, which set the framework for the built-form response

Joel Robinson

DKO and Furtado Sulivan win St Hilliers design competition for Central Coast Quarter

Busy Sydney developers, ALAND, has secured&nbsp;one of Gosford&rsquo;s most sought-after mixed-use sites, which sold with development approval for two towers.

The 5656 sqm site at 108-118 Mann Street originally launched to the market at The Archibald in 2019, with development approval for a dual tower build comprising 289 apartments, along with a ground floor pub, level 28 sky bar, 167 hotel suites and a range of hotel amenity including an infinity pool, gym and conference hall.

<img alt="" height="1644" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gosfordda.jpeg" width="1200" /> 
Render of the proposed dual tower project at 108-118 Mann St, Gosford. Credit: Colliers

ALAND CEO George Tadrosse confirmed the deal was done via an expression of interest process run by Colliers International which closed at the end of March.

&ldquo;It&rsquo;s a sensational site right in the heart of Gosford, which is increasingly being seen as a key regional location,&rdquo; he said.

&ldquo;We&rsquo;re delighted to have secured the property and look forward to taking the plans for the project forward to deliver a fantastic new addition to the Gosford skyline. Subject to planning, we are looking at launching the project sales in spring and starting construction this year.&rdquo;

<img alt="" height="640" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/f5678df9-044b-42f6-b776-1b4154a6f9b4-w.jpeg" width="1200" /> 
Render inside one of the proposed apartments at 108-118 Mann St, Gosford. Credit: Colliers

The Gosford property is one of the CBD&#39;s last remaining consolidated sites, with street frontages to Mann, Donnison and Baker Streets.

Located close to Gosford&rsquo;s waterfront, the site is also&nbsp;well-connected to key amenities like the Gosford Train Station, Gosford TAFE and the Central Coast Stadium.

The site was demolished in preparation for construction, with the site placed on the market earlier this year.

<img alt="" height="850" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/a1547e19-14ac-4547-ae48-44c829666c5d-w.jpeg" width="1200" /> 
Aerial shot of the site&#39;s location and proximity to key amenity. Credit: Colliers

Tadrosse said his team will now review the project but expects work to begin quickly.

&ldquo;We have an opportunity to make a significant contribution to the city, and we&rsquo;re excited to get this project underway,&rdquo; he added.

ALAND recently launched&nbsp;their $800 million master-planned precinct in Merrylands, in Sydney&rsquo;s west.

There has already been strong demand for the first stage of the project, with the prime 2.5-hectare site, located adjacent to the Merrylands train station, set to deliver 365 apartments across three buildings, up to 20 storeys in height.

The Gladstone Village&nbsp;is a rare offering for Merrylands and one of the last remaining pockets along Sydney&rsquo;s rail network to be developed.

ALAND CEO George Tadrosse confirmed the deal was done via an expression of interest process run by Colliers International which closed at the end of March.



alisonwarters@gmail.com

ALAND secures development approved Gosford site

Local Central Coast buyers are enjoying refined coastal living at JMGM&rsquo;s latest Gosford development, Horizon.

Set across 19-storeys, the Mann Street development comprises 182 one, two and three-bedroom apartments, as well as 2,500sqm of retail space.

[smartcode_project:default project_id=101204 project_image_fid=162046]

The Gosford region is not just for locals. Many buyers have begun recognising the beauty of the area and its sparkling waterways, sandy beaches and family-friendly activities on offer.

The area continues to grow and thrive as both a desirable place to live and a flourishing tourist destination, home to renowned beaches such as Avoca, Terrigal and MacMasters Beach.

Gosford is an attractive and affordable option for first home buyers and investors alike, boasting strong rental returns and positive capital growth.

[smartcode_project:default project_id=101204 project_image_fid=162047]

Designed by Lutolli Architects and Partners, Horizon has been carefully crafted as a modern and luxurious tower, boasting exceptional views and spacious interiors.

Each residence&rsquo;s kitchen is characterised by sculptural curved surfaces and a sophisticated, timeless palette of warm neutrals.

The home&rsquo;s feature floor-to-ceiling windows, wrap-around balcony, open-plan living and dining, and amazing views across Gosford, Brisbane Water and National Parklands.

[smartcode_project:default project_id=101204 project_image_fid=162051]

&ldquo;Floor-to-ceiling windows and frameless glass balconies bring views into your living and dining spaces&rdquo;, the project marketing reads.

Exclusive amenities available to residents include an outdoor pool, pool lounges and Swedish-inspired sauna.

[smartcode_project_cta: project_id=101204]

Local Central Coast buyers are enjoying refined coastal living at JMGM’s latest Gosford development, Horizon

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Coastal living at Gosford’s newest residence: Introducing Horizon by JMGM

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The focus of attention in the Central Coast Region market now seems to be on recovery and future planning, according to the July Herron Todd White (HTW) residential report. 

The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 

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NSW Central Coast Region Coronavirus Update
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The report notes in line with many regions, there have been little reports of new cases of COVID-19 for some time.

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For many, life seems to be returning to normal. The tourist and visitor centres of Terrigal, The Entrance and Ettalong Beach have been busy for the past several weekends as crowds return.

"Recovery will be as big a challenge as the restrictions and lockdowns themselves. Looking around, a number of businesses have suffered terribly and some have closed. But confidence is returning. 

"Tempering this new confidence, our health professionals are reminding us that we may not have seen the end of this with a second wave likely," the valuation firm said. 
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<div class="column">
What will a lazy $700,000 buy in the Central Coast region of New South Wales

A quick snapshot of some suburbs where investing $700k seems to be a good idea, the report noted. 

Wadalba – a newish and still developing suburb located towards the northern end of the region with plenty of schools, shops and easy access to the M1 Motorway.

A typical new project style dwelling, single level with four bedrooms, two bathrooms and double garage, recently sold for $690,000. 

"With slightly older two-storey options available for similar prices, we consider these to represent good value for first home buyers and growing families finding the area to their liking," the valuation firm said. 

Values have remained static overall over the year, so buying for quick financial gain isn’t great and returns are estimated at around the 4.5 to five per cent mark which is acceptable. Comparable suburbs to Wadalba include Hamlyn Terrace and Woongarrah, the report noted. 

A four bedroom, two bathroom home in Wadalba has recently been sold for $591,500. 

The single level home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wadalba-133071962" target="_blank">7 Voyager Street </a>(pictured below) comes with expansive kitchen, dining area, lounge room, four bedrooms and fully fenced yard. 

It is located close to schools, supermarkets and parks. 

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/wadalba.jpg">

The Entrance – one of the region’s older suburbs which sits between the ocean and lake. It is the day tripper and visitor centre at the northern end of our region, the report noted. 

Although there is a large permanent and long term occupant population (renters account for approximately 60 per cent of the area’s occupants), the area is very popular with the weekender market.

Units prevail in the town centre due to the ocean and lake views, shops and beach.

"We note that $700,000 can buy a two- bedroom unit with views within the town centre. But $700,000 is heading towards the higher end of unit values at The Entrance and we feel the more attractive options would be in the $350,000 to $400,000 price range for older units with lesser views," the valuation firm said. 

This price range has been more consistent in terms of price stability and returns which seem to be around the 4.5 per cent mark on a permanent occupancy basis.
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Bateau Bay – another of the region’s more established suburbs. The Entrance runs through the suburb thus creating two distinct markets.

The eastern (ocean) side is generally the more expensive option. If $700,000 is the marker, then good value on the no less popular western side of The Entrance Road is available. 

Generally older style but well established and accessorised property is the norm. 

An 80’s style, large, four- bedroom, single level dwelling with two bathrooms and double garage has just sold for $710,000 and a renovated 80’s style four-bedroom, two-bathroom dwelling with inground pool and off street parking recently sold for $685,000. These represent good value for those aspiring to live in Bateau Bay, the report noted. 

Terrigal – some would suggest that only good things happen at Terrigal and if price point is the gauge, there may be some foundation to this. 

$700,000 will likely secure an old style, rundown dwelling or perhaps a two- or three-bedroom unit or townhouse away from the town centre. 

"You might however get a vacant block of land with a little change left over – but you will need to be quick," the valuation firm said. 

Next door Wamberal shares these same qualities, with Erina to the west being not far behind, the report noted. 

A current listing is a one bedroom apartment in Terrigal priced at $699,000.

The contemporary apartment at <a href="https://www.realestate.com.au/property-unit-nsw-terrigal-133757722" target="_blank">3/10 Pine Tree Lane</a> (pictured below) comprises large bedroom, study, open plan lounge and dining area, and garage. 

It is set in a boutique complex, only metres walk to cafes, restaurants and Terrigal Beach. 

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/terrigal%201.jpg">

Point Clare – sitting on the western shores of Brisbane Waters, this is an older and established location with just a short drive to meet up with the M1 Motorway. 

"Surprisingly, Point Clare has never been an area at the top of mind. We don’t know why, because there are a number of properties that can be purchased for less than $700,000," the valuation firm said. 

An 80’s style, slightly compact, four-bedder with single garage, landscaping and inground pool recently sold for $680,000.

While the median value across the region has fallen just a little over the past year, Point Clare has actually increased – just a little.

The area is predominantly owner-occupied with returns estimated to be around the 4.5 per cent mark.
</div>

<div class="column">
Umina Beach – located towards the southern end of the region, Umina Beach, Woy Woy and Ettalong Beach enjoyed better than average value increases, but since September 2018, the median value has steadily declined and is approximately ten per cent lower. 

Rentals account for around 30 per cent of properties in Umina Beach with the remainder being owner-occupied. Due to the high number of second dwellings in Umina Beach, we tend to think there is a hybrid factor going on here with owners remaining in their dwellings while renting out the second dwelling.

In value terms, there are still a lot of properties being sold under or around the $700,000 mark. 

A renovated three-bedroom, one-bathroom dwelling with plenty of undercover parking recently sold for $700,000 whilst a similar dwelling, but minus the parking sold for $670,000.

Older, more basic dwellings with the potential to add a second dwelling are selling for similar prices, the report noted. 
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The focus of attention now seems to be on recovery and future planning.

[smartcode_project:default project_id=5559]
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j.ballantyne1990-6AQqhLzZaK

What a lazy $700,000 can buy in NSW Central Coast Region: HTW residential  

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Parramatta Eels legend Peter 'Sterlo' Sterling and his wife Selina have sold their longtime Central Coast estate.

The couple are likely to to downsize locally.

Sterlo's who has had ongoing NRL commentary commitments with Channel 9, has been at the home since the mid-1990s.

It was in 1997 when two lots totalling over three hectares were bought for $495,000 just before they had their first child James. 

Hannah followed three years later, with the pair now 18 and 21.

[smartcode_project:default project_id=7275]

There's been no price disclosure, but buyers were being asked for offers between $3 million and $3.3 million.

Surrounded by tropical gardens, the home has four bedrooms, a media room and an office space.

A verandah wraps around the home, while the master suite, complete with walk-in wardrobe and ensuite, has its own private decking.

An infinity pool, entertainment area with built-in barbecue and outdoor kitchen, as well as a number of horse paddocks, sit in the grounds. 

McGrath Terrigal agents Mat Steinwede and Trevor Hamilton had the home for sale for 26 days.

[smartcode_project:default project_id=2772]

Sterling was introduced to the Central Coast by good mate Paul Taylor, having played together in Parramatta's first rugby league premiership side in 1981.

Taylor then played and coached for The Entrance in the twilight years of his league career before shifting to Queensland. 

The couple first spent a year on a property in neighbouring Holgate, all the time looking for a special piece of the Central Coast they could call home. 

"Selina and I drove around all over the place," Sterling recalled in a 2002 profile which added that his dad and sister were at nearby Killarney Vale.

[smartcode_project:default project_id=27675]

Sterlo owned for a few years in Collaroy until 1997 and before that had been at Castle Hill.

"When we came into Matcham I said 'I'd really like to live here one day."

Just twelve months later he was - on eight-and-a-half acres of private, rolling hillside with enough room for the horses and an environment perfect for raising children.

"I look out there now and I see the value in what we've done," he said long before it was worth its current $3 million plus.

"Life doesn't get much better than this," he once said.

"A lot of people think that I spend most of my time away from home with my television commitments and so on, but that's not true, I spend most of my time here.

He said he and Selina are real home bodies.

"We're not real beach people, although we do get down to Wamberal a fair bit during summer."

The couple used to ride all the time. 

Sterlo, one of the all-time great halfbacks, was a major influence in the Eels dominance in the 1980s.

He played 227 games for the Eels, winning four Premierships.

He represented The Blues in the State of Origin 13 times and was inducted into the ARL Hall of Fame in 2006.

Sterlo started his commentary career with Western Sydney radio station 2WS and Channel 10, before moving to the Nine Network.

He later went on to host The Sunday Footy Show, anchoring the program from the show's inception in 1993 until the end of the 2015 season when Yvonne Sampson took the reins.

He was co-host of Nine's The NRL Footy Show for 12 years alongside Paul Vautin and currently hosts  Nine's 'Thursday Night Football' and On the Couch with Sterlo. 

This article was first published in the Saturday Daily Telegraph.
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firstname1-iYD4UYzvBa

Parramatta Eels legend Peter 'Sterlo' Sterling sells longtime Central Coast estate

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It’s not quite lights out for the investor, but it has been getting darker, is how the valuation firm Herron Todd White has described the NSW Central Coast investment market.
For some time now, investors have been very active in the local market, but recent changes by APRA on investment borrowings forced on lenders have had an impact on this segment of the market, their latest November update advised.
"We see the will is still present, but the ability to finance the dream is diminishing,' its month in review said.
"For the most part, the local investor market has been driven by out of town buyers, mostly Sydney based, where property prices are seen as unsustainable and value for money is being sought outside the city limits."
It suggested being immediately north of Sydney, the Central Coast region has been favoured by these investors.
"In the main, the type of property being sought by investors includes the typical 3- to 4-bedroom, double garage home in the suburbs.
"Minimised maintenance requirements and proximity to services and transport is seen as a bonus.
"This type of property is the traditional real estate investment and at present, our raw data suggests that gross yields are between 4% and 5%."
The report added that also included in the mix was the ability to value add for investors - with a popular trend being the granny flat or second dwelling under the complying development rules.
"It definitely increases the income stream with gross yields seen between 6% and 7%.
"As time goes on, we will see whether this strategy works to increase value."
The report noted investment purchases for properties not previously considered as typical investment class property - including high value and high maintenance rural lifestyle properties.
"The purchase of this type of property is somewhat confounding as the returns are generally low and we can only guess that these buyers are banking on long term increases in the asset value.
"This, we think is pure speculation and a brave, but perhaps foolish decision leading into a volatile period in the market, if we are to believe that previous cycles are to be repeated."
The reported concluded that when a body like APRA introduces measures, "they ought not be taken lightly - they are quite likely the closest thing we have to that mythical crystal ball.
"The effect on the lenders has already influenced the market as activity has slowed a little and we see this becoming more obvious in the short term as both lender and borrower become accustomed to the new rules."
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jchancellor-FAypfDUnLy

APRA's emerging impact on NSW Central Coast investment market: HTW

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The NSW Central Coast house market was peaking, according to the latest HTW property clock.
Horsham is the another city to now sit at the peak.
Melbourne, Newscatle and Dubbo remain at the peak. 
HTW suggest the Central Coast’s strong market in 2015 was undoubtedly underpinned by Sydney based buyers finding themselves unable to compete in the Sydney market.
"This resulted in better than average rises in property values across the region," HTW suggested.
Although afte a strong period leading to October, the year ended with a 'bit of a whimper" for the region’s market.
"Sales volumes fell somewhat and we really didn’t see any continuing increases in values.
What HTW did notice however was:
• The sudden departure of Asian buyers having a noticeable effect on sale volumes;
• Purchase prices being nearer and sometimes below indicated asking prices as opposed to new records being set every other day;
• Buyers being a little more selective and acting with slightly less urgency;
• The much hyped talk of new residential unit developments in Gosford and other regionally significant developments falling away on whispers that presales and interest were less than expected and project finance was difficult to secure;
• Increased positivity in the retail sector that had been missing for the past several end of year periods.
HTW anticipate if previous property cycles are to be repeated, then the region’s market will be slowing as one property cycle ends and another starts.
"We have felt the market has been at its peak for some time now and a slowdown around the corner, but the peak lasted longer than we expected.
"This is the main difference between this cycle which has been building slowly by comparison over several years and is more controlled as opposed to previous cycles which experienced faster rises over shorter periods.
"Confidence in the market is a good thing, but we think that 2016 should be a year where buyers and investors will need to be more pragmatic and research especially well.
HTW think that while some of the region’s 160 suburbs will see a fall in values this year, most will continue to trade close to or near current values, but with reduced volumes.
Areas likely to see a drop in value will be those where values increased well beyond levels that we as valuers were comfortable with.
"This include areas such as Umina Beach and Woy Woy where values have risen extraordinarily (between 47% and 49% over the past three years) to the point where they are now in direct competition with some Sydney suburbs and a wane in demand seems inevitable as buyers switch their attention to other suburbs.
"It may also be time to be wary of Wyoming and Kariong where residential values have risen quite significantly (upwards of 10% over a twelve month period) and need time to settle down again.
"Something for buyers to be wary of is the unit market in Gosford where close to 700 units have been approved recently.
"Many sites are still in the pre-construction phase and if too many start and finish in a short time frame, then we will no doubt be in an oversupply situation which tends to play havoc with the market."
HTW suggest another sign that confidence has returned to the market is the presence of buyers at the higher end of the region’s value range.
"Absent for some time, some say the return of these buyers provides a restorative factor in the market.
"Suburbs likely to see increased levels of popularity and well worth watching include Pearl Beach, Avoca Beach, Narara, Niagara Park, Bateau Bay and Budgewoi.
"These are suburbs that inexplicably seem to have escaped the attention of buyers during the recent period of increased market activity.
"Two areas well worth a watch and act approach include Woongarrah and Hamlyn Terrace.
"These are suburbs considered attractive to a range of purchasers including first home buyers, young families, commuters and investors due to their affordability levels and good local infrastructure." 
Canberra apartments have joined the other capitals, Brisbane and Melbourne at a market peak in February, <a href="/news/50218-canberra-apartments-join-brisbane-and-melbourne-at-market-peak-htw-property-clock" target="_blank">according to the latest HTW property clock</a>.
 
<a href="/images/2016/02/08/700_HTW_Houses.jpg" target="_blank">Click here to enlarge</a>.
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NSW Central Coast houses at top of market: HTW property clock

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A waterfront two bedroom home on the Central Coast of New South Wales has had its asking price dropped by $100,000 since listing.
The property, 301 Patong Creek Patonga, had its listing price dropped from $799,000 to $699,000 last week, according to SQM Research.
SQM Research managing director Louis Christopher said the property has a lot to offer, although can only be accessed by boat from Merooa Avenue Beach.
"The property appears to be in a good condition, with the vendor recently updating the property's water tanks, pumps and septic tank," he said.
"The listing also states that the private pontoon has been recently extended to take boats big and small.   
"The vendors has kindly included in this price a catamaran, a 'couple of dinghies' and most of the furniture. This is a great for buyers looking to get out of the city, frolicking in the river, and sailing down the Hawkesbury."
 
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po-LsXgBTHBmX

Waterfront NSW home reduced by $100k: SQM Research

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The suburb of Berkeley Vale in NSW's Central Coast region - postcode 2261 - generated a median gross yield of 8 percent on units over the last 12 months, and is in the top 10 on CoreLogic RP Data's latest list of suburbs with the highest median gross yield, according to property value.
Berkeley Vale's yield was well above the national average of 4.63 percent, the data showed.
The median unit sale price in the suburb was $222,000, a little more than half the national average of $438,000.
Berkeley Vale showed impressive growth in median prices over a 12-month period at 5.71 percent, well above the 2.1 percent growth nationally.
<a href="/images/2016/05/17/Screen%20Shot%202016-05-17%20at%2012.07.42%20PM.png" target="_blank">Click to enlarge</a>
 <img src="/images/2016/05/17/Screen%20Shot%202016-05-17%20at%2012.07.42%20PM.png" alt="" width="408" height="359">
From a rental perspective, the median rent was $340 per week and Berkeley Vale was at seventh place in NSW on yields with a gross yield of 8 percent. 
The suburb had a population of around 46,000 people, according to the last ABS census data.
Property Observer looked up a few units in Berkeley Vale around the median range for renting on www.realestate.com.au.
<img src="/images/2016/05/20/image9.jpg" alt="" width="648" height="486" style="line-height: 1.3em;">
1. A two-bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-berkeley+vale-418385170" target="_blank">115/15 Lorraine Ave Berkeley Vale</a> is up for rent for $310 per week. This property last traded for $170,000 in 2003 and was listed in early 2015 with price expectations of more than $199,000, according to CoreLogic RP Data.
 
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Median unit prices in NSW's Berkeley Vale grew more than national average

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The couple behind many catchy television and radio jingles Geoffrey and Jenny Ayling have listed their Wamberal home on the NSW Central Coast.
The pair wrote the classic Play School song 'There's a bear in There'.
There was also Tip Top's instantly recognisable 'Good on you mum' and Bing Lee's 'I like Bing Lee'.
The husband and wife creators have penned some the 15,000 jingles.
Set on 835 sqm, the five bedroom <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/central-coast/wamberal/299277" target="_blank">Tall Timbers Road</a> property last sold at $890,000 in 2014.
It has been listed through Steve Nixon and Trevor Hamilton of McGrath Terrigal for $990,000.
The single level home has an inground pool.
This article was first published in the Sunday Telegraph.
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