Real estate investment is a strategic and proven way to grow your wealth in 2023. Australia’s Central Coast is known for its beautiful beaches and picturesque landscapes. In this article, we’ll highlight the top 11 best Central Coast suburbs to invest in, with a comprehensive suburb profile for each location. We’ll outline what makes these suburbs such good investment opportunities. By understanding the property market performance and the importance of other factors like accessibility and rental demand, you can become equipped to take advantage of the Central Coast property market and secure a profitable investment for your future.
1. Terrigal, 2260
Terrigal is renowned for its pristine beaches and vibrant coastal lifestyle. This seaside suburb offers the prefect mix of leisure and lifestyle options. The suburb’s strong rental market, consistent demand, and rising property prices make it an excellent choice for those seeking a beachside investment with long-term growth. While its average house price of $1.5 million and average unit price of $1.2 million may seem steep, an investment property in Terrigal will reward you generously.
Median house price: $1.5 million (Real Estate, 2022-2023)
Median unit price: $1.2 million (Real Estate, 2022-2023)
Median weekly rent: $520 (ABS, 2021)
Median weekly household income: $2,056 (ABS, 2021)
Population: 12,730 (ABS, 2021)
Private dwellings: 5,743 (ABS, 2021)
Attractions: Terrigal Beach, The Skillion, Terrigal Haven, boutique shops and cafes
Curb Appeal: Coastal village vibe with pristine beaches and trendy cafes
Who will love it: Families, young professionals, and retirees
2. Woy Woy, 2256
Woy Woy is known for its peaceful waterfront properties and relaxed atmosphere. This suburb’s easy-going vibe makes it a popular choice for those seeking a quiet and affordable lifestyle. The suburb also offers excellent public transport links and amenities. With affordable houses and units, Woy Woy is a solid choice for investment properties. Rental demand remains consistently high, offering solid rental returns and long-term capital growth potential.
Median house price: $964,000 (Real Estate, 2022-2023)
Median unit price: $650,000 (Real Estate, 2022-2023)
Median weekly rent: $380 (ABS, 2021)
Median weekly household income: $1,151 (ABS, 2021)
Population: 11,072 (ABS, 2021)
Private dwellings: 5,350 (ABS, 2021)
Attractions: Deepwater Plaza, Woy Woy Waterfront, Pelican Park
Curb Appeal: Affordable waterfront properties and relaxed atmosphere
Who will love it: First-time home buyers, families, and retirees
3. East Gosford, 2250
East Gosford is a sought-after location for property investors attracted to its tree-lined streets and mix of modern and traditional homes. Currently undergoing developments that make it a growing urban centre, East Gosford is an excellent choice for property investors. With a strong rental market and gradually increasing demand, East Gosford’s property market is expected to grow even further in 2023, making it a promising option for investors looking for a property with strong renal income and capital growth.
Median house price: $1,010,000 (Real Estate, 2022-2023)
Median unit price: $750,000 (Real Estate, 2022-2023)
Median weekly rent: $380 (ABS, 2021)
Median weekly household income: $1,330 (ABS, 2021)
Population: 4,391(ABS, 2021)
Private dwellings: 2,215 (ABS, 2021)
Attractions: Gosford Waterfront, Australian Reptile Park, Caroline Bay
Curb Appeal: Growing urban centre with modern infrastructure and ongoing developments
Who will love it: Young professionals, investors, and families
4. Copacabana, 2251
A picturesque beachside suburb with a tight-knit community, Copacabana is a popular destination for beach lovers and families, with many beautiful attractions. The suburb’s growing popularity and strong rental market make it a strong pick for property investors. Featuring iconic attractions such as Copacabana Beach and Captain Cook Lookout, Copacabana is a desirable investment location with a thriving local community. While it may have a high average house price, it also has a high weekly rental price and strong potential for capital growth which can earn you back your expenditures.
Median house price: $1,930,000 (Real Estate, 2022-2023)
Median weekly rent: $520 (ABS, 2021)
Median weekly household income: $2,276 (ABS, 2021)
Population: 7,513 (ABS, 2021)
Private dwellings: 3,649 (ABS, 2021)
Attractions: Copacabana Beach, Captain Cook Lookout, Cockrone Lagoon
Curb Appeal: Impressive beachside location with a tight knit community
Who will love it: Beach lovers, families, and retirees
5. Avoca Beach, 2251
Avoca Beach is a popular beachside location with a thriving arts scene. Avoca Beach is surrounded by many popular attractions such as the beach, the lake, and the historical Avoca Beach Picture Theatre. Although its house and unit prices are moderately high at $1.6 million and $1.1 million, respectively, Avoca Beach is a sought-after location with strong rental returns and long-term potential.
Median house price: $1.6 million (Real Estate, 2022-2023)
Median unit price: $1,125,000 (Real Estate, 2022-2023)
Median weekly rent: $530 (ABS, 2021)
Median weekly household income: $2,358 (ABS, 2021)
Population: 4,708 (ABS, 2021)
Private dwellings: 2,210 (ABS, 2021)
Attractions: Avoca Beach, Avoca Lake, Avoca Beach Picture Theatre
Curb Appeal: Vibrant beach community with a thriving arts scene
Who will love it: Surfers, families, and retirees
6. Killarney Vale, 2257
Killarney Vale is a family-friendly neighbourhood perfect for first-time home buyers, families, and investors. The suburb is near to popular locations such as Long Jetty Beach and Shelly beach. It is also known for its well-maintained streets, recreational areas, and growing amenities. Killarney Vale is tipped to grow in the real estate market in 2023, making it an ideal suburb for investors seeking long-term growth.
Median house price: $830,000 (Real Estate, 2022-2023)
Median weekly rent: $400 (ABS, 2021)
Median weekly household income: $1,524 (ABS, 2021)
Population: 7,491 (ABS, 2021)
Private dwellings: 2,979 (ABS, 2021)
Attractions: Killarney Vale Foreshore, Shelly Beach, Saltwater Creek Park
Curb Appeal: Family-friendly neighbourhood with affordable housing options
Who will love it: First-time home buyers, families, and investors
7. Toukley, 2263
Known for its natural beauty and excellent amenities, Toukley is the perfect investment suburb for nature enthusiasts and families, with a wide range of outdoor and recreational areas. Strong rental demand and affordable prices make Toukley an attractive investment opportunity.
Median house price: $750,000 (Real Estate, 2022-2023)
Median unit price: $497,500 (Real Estate, 2022-2023)
Median weekly rent: $340 (ABS, 2021)
Median weekly household income: $1,044 (ABS, 2021)
Population: 4,557 (ABS, 2021)
Private dwellings: 2,358 (ABS, 2021)
Attractions: Norah Head Lighthouse, Wyrrabalong National Park, Budgewoi Lake
Curb Appeal: Peaceful suburb with plenty of outdoor areas
Who will love it: First-time home buyers, nature enthusiasts, and retirees
8. Ettalong Beach, 2257
Ettalong Beach boasts attractions such as the Ettalong Markets and Cinema Paradiso. The suburb is known for its relaxed atmosphere and beautiful beach, making it perfect for families, retirees, and beach lovers. With a stunning coastal environment, Ettalong Beach is an excellent choice for property investors in 2023.
Median house price: $1,166,680 (Real Estate, 2022-2023)
Median unit price: $830,000 (Real Estate, 2022-2023)
Median weekly rent: $390 (ABS, 2021)
Median weekly household income: $1,077 (ABS, 2021)
Population: 5,161 (ABS, 2021)
Private dwellings: 3,038 (ABS, 2021)
Attractions: Ettalong Beach, Ettalong Markets, Cinema Paradiso
Curb Appeal: Beautiful beachside suburb with a laid-back atmosphere
Who will love it: Families, retirees, and beach lovers
9. Bateau Bay, 2261
Featuring the perfect mixture of nature and urban living, Bateau Bay is a highly sought-after location for families, nature lovers, and retirees. With affordable unit and house prices, and its stunning natural beachside environment, Bateau Bay is the perfect suburb for property investors in the Central Coast. The strong rental market and increasing demand make Bateau Bay an ideal choice in 2023.
Median house price: $1 million (Real Estate, 2022-2023)
Median unit price: $686,500 (Real Estate, 2022-2023)
Median weekly rent: $400 (ABS, 2021)
Median weekly household income: $11,475 (ABS, 2021)
Population: 12,516 (ABS, 2021)
Private dwellings: 5,204 (ABS, 2021)
Attractions: Bateau Bay Beach, Bateau Bay Square, Wyrrabalong National Park
Curb Appeal: Picturesque coastal suburb with urban living and natural areas
Who will love it: Families, nature lovers, and retirees
10. Umina Beach, 2257
Umina Beach is a relaxed beachside location friendly to families and beach lovers. With excellent amenities and a strong rental market, this suburb is ideal for investors seeking steady rental returns and potential for growth.
Median house price: $1,030,000 (Real Estate, 2022-2023)
Median unit price: $815,000 (Real Estate, 2022-2023)
Median weekly rent: $400 (ABS, 2021)
Median weekly household income: $1,421 (ABS, 2021)
Population: 17,372 (ABS, 2021)
Private dwellings: 7,861 (ABS, 2021)
Attractions: Umina Beach Markets, Umina Beach Playground, Ocean Beach
Curb Appeal: Relaxed beachside suburb with a family-friendly vibe
Who will love it: Retirees, beach lovers, and families
11. Long Jetty, 2261
Long Jetty offers investors lakeside properties with a trendy community. The suburb is located near Tuggerah Lake, features Long Jetty Wharf, and is close to many of the Central Coast’s most popular beaches. It is the perfect choice for property investors in 2023, with a robust rental market and increasing demand for properties.
Median house price: $1.1 million (Real Estate, 2022-2023)
Median unit price: $684,000 (Real Estate, 2022-2023)
Median weekly rent: $360 (ABS, 2021)
Median weekly household income: $1,201 (ABS, 2021)
Population: 6,736 (ABS, 2021)
Private dwellings: 3,506 (ABS, 2021)
Attractions: Long Jetty Foreshore Reserve, Long Jetty Wharf, Toowoon Bay
Curb Appeal: Lakeside living with a trendy community
Who will love it: Young professionals, families, and retirees
So, which suburb should I choose?
The Central Coast offers a diverse range of investment opportunities in 2023. From bustling coastal villages to tranquil residential neighbourhoods, these suburbs along Australia’s Central Coast cater to various lifestyle and budgets. There are many more prosperous suburbs to choose from; these are just 11 of the best suburbs for investors in 2023. What you choose depends on how you want to profit and what you’re looking for in an investment property.
If you’re looking for the best Central Coast suburbs to invest in, reach out to Wise Buy Home Loans for help and advice. We’ve been the trusted partner for many successful property investors along the Central Coast. Our team of expert Central Coast mortgage brokers and advisors can get you access to the best properties that will diversify your investment portfolio and grow your wealth.
