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

Sydney’s Central Coast is a region just over an hour north of Sydney CBD. It is connected to the city by rail, the M1 Pacific Motorway and the soon to be completed North Connex connecting the area with Western Sydney. It forms part of the Sydney Greater Metropolitan Area which has a population of some 3.5 million people.

The local working population is 104,734 of which approximately 30% commute into the City each day for work. Most of these commuters would prefer to work locally.

The Central Coast has a resident population of 337,000 people and will grow to over 400,000 in the next 25 years.

Gosford is the Capital City of the Central Coast and is presently seeing unprecedented investment. The NSW Government has made a commitment to the growth of the region and is investing almost a billion dollars in support of that growth while at the same time private investors have invested a similar amount with plans to spend more.

Central Coast Council administers the Local Government Area which covers 168,042 hectares. While most people live along the coastal fringe and around the waterways the western area of the region which comprises some 70% supports a strong agricultural industry and extensive national parks.

Best known for its relaxed lifestyle the Central Coast is embarking on a new era that will see a resurgence of investment as property developers and businesses looking to escape the congestion of Sydney create exciting new opportunities for those wishing to live and work within the region.

In 2016 the NSW State Government introduced the Central Coast Regional Plan, a 20 year strategy that will see the population grow by more than 75,500 people, create another 24,674 jobs and build 41,500 more dwellings.

Top reasons to relocate or expand on the Central Coast

Low business costs in respect of land, occupancy, labour costs and productivity

A large, adaptable and enthusiastic skilled and unskilled workforce

Fast access to Australia’s major markets and export ports

Well-developed infrastructure including connection to the National Broadband Network throughout the whole region

An ideal family lifestyle with excellent school and health facilities in a pristine environment unattainable in the city or comparable areas

60 minutes to Sydney – 80 minutes to Sydney International Airport

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

Investment activity

Private investment activity in the region continues to be strong particularly in the area of residential construction with substantial government investment in infrastructure.

Private 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 who has invested $85 million on the Gosford Classic Car Museum. This Museum is a major tourist attraction for the region.

John Singleton Group – The John Singleton Group has two developments now underway in Gosford.

Bonython Tower is the first high rise project in Gosford CBD followed by Bonython Waters.

Henry Kendall Group is developing a hi-tech business estate, Golflinks Commercial Campus at Wyong, offering a world class connectivity data centre with fibre infrastructure with a 1-10Gbit service aimed at attracting international technology corporations.

Pinnacle Construction Group, a well known Sydney builder and developer, is developing Merindah Apartments a 140 unit residential project in Gosford CBD and has plans for two other developments in Gosford.

Doma Group, a Canberra developer, completed a $24 million office building in Gosford for the Australian Taxation Office in early 2018 accommodating 600 taxation staff.

St Hilliers, a national building and development company, completing a 7,000 sqm commercial office building in Gosford CBD to be leased to the Department of Finance, Services and Innovation on completion in late 2018. StHilliers are considering the development of a hotel on the site which will also comprise a residential development at a later date.

Healthe Care is the third largest private hospital operator in Australia. In 2018, it completed a $10 million redevelopment of Brisbane Waters Private Hospital and is currently investing $23 million in a new private hospital at North Wyong.

Tax Office and StHilliers

(left side) Australian Tax Office developed by the Doma Group in 2017 and (right side) StHilliers’ development for the NSW Government

Government investment

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

Central Coast Medical School and Medical Research Institute is a $72.5 million project financed jointly by the NSW and Federal Governments and University of Newcastle to be built 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 2019, 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.

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.

Avoca Beach

Avoca Beach

Central Coast Economic Profile

Gross Regional Product (GRP) – $12.73 billion

Population – 327,736 (Census 2016) To grow to 415,000 by 2036

Age structure - 24% aged 0 to 17 years, 51% 18 to 59 years and 25% 60 years and over

Local jobs – 112,753

Commuters – 30,339

Largest industries – Health Care and Social Assistance, Construction, Manufacturing

Local businesses – 20,915

Employed residents – 151,521

*NIEIR 2015 (National Institute of Economic and Industry Research)