2018-19 Central Coast Investment Prospectus 2018-19
Gosford aerial showing revitalisation and development of the Central Coast hub

Sydney's Central Coast a Snapshot

Top reasons to relocate or expand on the Central Coast

 

Central Coast Local Planning Panel to expedite Development Applications over $5 million

Gosford aerial showing revitalisation and development of the Central Coast hub

Key Sectors

Manufacturing and food processing

The manufacturing sector accounts for a diverse range of products from small, medium and large companies operating throughout the region and employs around 8,500 people. Over fifty food manufacturing and processing companies, including well known international brands, are located in the region.

Distribution, Transport and Logistics

The Central Coast is an excellent location for logistics operations being close to Port Botany and Sydney International Airport as well as being centrally located within about two hours driving time, north and south, of a population of around 5.1 million people.

Information and Communications Technology

A growing number of ICT companies are establishing in the region with the result that an ICT Cluster is being seen as the genesis for a new industry taking advantage of being connected throughout by the national broadband network.

Contact Centres

With occupancy costs much lower than in capital cities and an extensive skilled workforce with staff turnover among the lowest in NSW, the Central Coast offers an ideal environment for Call Centres.

Aged Care and Retirement Living

A preferred retirement destination for seniors has created a growing demand for retirement accommodation and, in particular, for resident-funded, self-care retirement villages.

Corporate Neighbours

While the region is home to many small and medium businesses major national and international corporations that are located on the Central Coast include:

Corporate Neighbours table

Record investment

Record private investment activity in the region which commenced four years ago continues to be strong particularly in the area of residential and commercial construction with substantial government investment in infrastructure.

Henry Kendall Group

The Henry Kendall Group are developing the Golflinks Commercial Campus which comprises 14 hectares of land on the Pacific Highway opposite the Wyong Golf Course adjacent to the industrial area. The Campus has faster than NBN fibre internet connectivity and provides an integrated ecosystem that includes childcare, food outlets, car wash, service station, medical facilities and premium office space.

Nexus

The centerpiece of this Campus is Nexus, a next generation work space combining 2,500 sqm of the best of serviced offices and co-working facilities. Nexus is co-located with an onsite data centre that provides redundancy and the fastest fibre internet connection on the Central Coast.

Residential investment

Central Real - Central Real is investing around $1 billion in residential property developments in Gosford and Terrigal. Central Real is the arm of businessman Tony Denny.

John Singleton Group – John Singleton Group’s property investment division, Bonython Property & Investments, completed construction of Bonython Tower in Gosford CBD in March 2019. The $35 million, 13-storey development comprises ground level restaurant and bar, 2 levels of commercial office space and 56 residential apartments.

Pinnacle Construction Group – A well-known Sydney builder and developer, is developing Merindah Apartments a 15 level, 140 unit residential project in Gosford CBD that will be complete in early 2020. Pinnacle will commence construction of Sapphire, a 10 level, 97 unit residential project in Gosford in early 2020.

Government investment

NSW Department of Health – Gosford Hospital. A $368 million redevelopment was opened in mid-2018.

Wyong Hospital – The NSW Government has committed $200 million to the redevelopment of Wyong Hospital. Stage 1 a 500-space car park will be completed in 2020.

Central Coast Medical School and Medical Research Institute – Construction commenced in late 2019 on this $72.5 million project financed jointly by the NSW and Federal Governments and University of Newcastle adjacent to the Gosford Hospital precinct.

Transport NSW – Inter-city Fleet Maintenance Facility to service the new inter-city train fleet, to be delivered from 2020, is being built at Kangy Angy at a cost of $300 million.

NSW Government – The Minister for Planning and Environment in early 2018 announced that the government would invest $42 million in water, sewerage and drainage infrastructure in the Gosford CBD and an additional $10 million in improving the streetscape and parks in Gosford CBD.

Road upgrades – NSW Roads and Maritime Services is spending $70 million upgrading the M1 Pacific Motorway and $70 million upgrading various sections of the Pacific Highway improving connectivity through the region.

North Connex – A $3 billion project connecting the M1 Pacific Motorway at Wahroonga to the Hills M2 Motorway at Pennant Hills, a distance of nine kilometres, is expected to be completed in 2019 providing fast access to Western Sydney.

Lifestyle – A better choice of living

The Central Coast offers a perfect mix of town and country life for those who make it their home. A superbly relaxed lifestyle in a magnificent, natural, pollution-free environment is available to all, with the benefits of city living never far away.

Families are offered a safe and secure environment with the opportunity to live life to the full. It is the reason so many people choose to live in the region.

Areas of particular benefit are:

Residential property – the Central Coast offers the opportunity to acquire a quality residential property at values substantially lower than in Sydney Metropolitan areas.

Schooling – public and private schools provide a high standard of primary and secondary education. Opportunities for tertiary learning are extensive. The University of Newcastle has a Campus on the Central Coast as does TAFE NSW. In addition universities in the Sydney city areas are easily accessed.

Health – a healthy, pollution-free environment with hospital and medical facilities comparable with those in major cities.

Shopping – the region is serviced by a large choice of retail shops with modern shopping centres offering goods and services that match any Sydney suburb.

Leisure – Central Coast residents have the opportunity to participate in a wide variety of leisure activities, all within 15 to 20 minutes of home.

Sport - the Central Coast could well be described as “A Sporting Mecca”. The choice of sport for all age groups is almost limitless. 

Entertainment – there is always something interesting to do and see, from bars and clubs to live music, movies and restaurants, to seeing a national football game or touring event at the Central Coast Stadium.

Central Coast Regional Profile

*NIEIR 2018 (National Institute of Economic and Industry Research)