Central Coast Region Investment Profile

CENTRAL COAST REGION INVESTMENT PROFILE

DEDICATED TO BUILDING BETTER CONTENTS

03 Introduction - Central Coast

04 Population / Growth

05 Economy

06 Infrastructure / Development

08 Transport

09 Lifestyle

10 Retail

11 Medical

12 Education

13 Ticking all the boxes INTRODUCTION CENTRAL COAST

Fast Facts: • 340,000+ Citizens • $13+ billion GRP • 23,000+ Businesses • 1,680 km^2 Area • 2.4% Vacancy rates • 177 Suburbs

Located between Sydney and the Hunter Valley, the picturesque Central Coast is a popular coastal region attracting young families and retirees. The charming and inviting region offers an array of beaches, national parks, vibrant communities and holiday destinations and is home to over 340,000 citizens. Booming industries, a calendar of major local events, world class cultural and recreational attractions, high quality education and health facilities combine with the region’s natural aura to attract a growing population of families, businesses and opportunities. Citizens can enjoy a wide selection of adventures and attractions including mountain biking, bushwalking, whale watching and wildlife sanctuaries. An appealing mix of bays, inlets and lakes, golden sandy beaches, and picturesque waterfront esplanades attract not just tourists but life-long residents. The Central Coast was recently named one of the Top 10 Regional areas in Australia for capital growth. Median housing values have risen over 12% in just the past few years, with property experts predicting that figures will continue to rise for the popular region.

3 POPULATION / GROWTH

New South Wales’ Central Coast encompasses more than 80km of coastline over 1,680 square kilometres of land. The largest areas in the Coast are Gosford, Tuggerah-Wyong, Erina, Woy Woy and The Entrance. The Central Coast is home to over 4.5% of New South Wale’s population, making it the 3rd most populous city in NSW and the 9th most populous urban region is Australia. There are currently over 340,000 people residing on the Central Coast with the population estimated to rise over 15% to 400,000 in the next 15 years, providing a forever growing workforce meeting the needs of growing new business and industries. The region experiences a higher than average population growth particularly in the Wyong Shire. Between 2016 and 2036, the population for the Central Coast population is forecast to increase by over 79,000 (23.65% growth), at an average annual growth rate of 1.07%

4 ECONOMY

The Central Coast’s economy Gross Regional Product is over $13 billion, representing 2.4% of the state’s Gross State Product. There are over 23,000 diverse businesses that contribute to Central Coast’s economy. The top sectors contributing to the region’s economy by employment are; health care and social assistance, generating over 25,000 jobs and $1.5 billion over 2017/18, followed by retail trade, construction, accommodation and food services and education and training. The Region has been listed as one of Australia’s top 10 regional areas for Capital Growth.

5 INFRASTRUCTURE / DEVELOPMENT

With such a high population forecast, there has been major investment to provide essential infrastructure throughout the Central Coast. In total, over $1 Billion is committed for current or planned infrastructure projects over the next three years. Some major projects currently in development are: Gosford Hospital Redevelopment NSW Government is investing over $368 million to the redevelopment on the Gosford Hospital over the next five years. The project currently underway will include next-generation health services including a new emergency department that will more than double the current size, a new and larger intensive care unit, expanded maternity services, a new women’s health clinic, upgraded cardiac catheterisation labs and an integrated cardio-vascular service and so much more. M1 Pacific Motorway Upgrades – Tuggerah to Doyalson Roads and Maritime is upgrading the M1 Pacific Motorway between the Tuggerah and Doyalson interchanges to improve traffic flow and safety. The upgrade will provide three lanes in each direction and a 9km road upgrade to a smoother and more durable surface. The project will improve road drainage and improve overall safety for NSW drivers. The project is expected to be completed in 2020, weather permitting.

6 INFRASTRUCTURE / DEVELOPMENT

Gosford Cultural Precinct Central Coast Council is developing the Gosford Cultural Precinct, which will be an integrated cultural hub connecting Gosford Regional Library and Innovation Hub and the Regional Performing Arts and Conference Centre. The Precinct will help achieve the Community Strategic Plan’s goal to create a growing and competitive region by establishing Gosford CBD as a key destination which attracts businesses, local residents, visitors and tourists. The new development is expected to have a positive economic impact on the region, generating more than 1,450 jobs as a result of construction, plus an additional 645 jobs predicted once construction is complete. The Central Coast Regional Sporting and Recreation Complex The Central Coast Regional Sporting and Recreation Complex opened in March 2019 after stage one of the construction was complete. The Complex is a designed to accommodate sporting and recreational events whilst bringing social, health and economic benefits to the local and wider community. The facility is located in Tuggerah and consists of nine playing fields, over 2km of shared pathways, landscaping, car parks and bus zones. Dedicated to the region’s economic development, Central Coast Council invested $13.71 million towards the $23.71 million to build stage one of the Complex, which was jointly funded with the support of a $10 million grant from the Australian Government. The Central Coast is booming. With tourist attractions, local developments and major infrastructure on the rise, thousands of families will be looking at Central Coast to locate for their future.

7 TRANSPORT

The Central Coast is easily accessible by car with the Sydney- Newcastle Freeway, Pacific Motorway, Central Coast Highway and the Pacific Highway servicing the region. The Central Coast is also accessible by public transport with the Sydney-Newcastle railway line and Warnervale Airport. NSW TrainLink, Sydney-Newcastle railway line, offers a variety of train services through the Central Coast region, travelling directly from Sydney to Newcastle taking approximately 2.5 - 3 hours. There are also busses that will travel throughout the Central Coast, giving residents the opportunity to leave the car at home. Bus services are provided by Busways and Hunter Valley Busses.

8 LIFESTYLE

The Central Coast offer endless opportunities for More Amazing exploration, family day outs and relaxation. Every Attractions day will feel like a holiday to residents of the • Firescreek Fruit Central Coast of NSW. Winery Explore and experience the array of natural • Central Coast reserves, lakes and parks or relax upon the Stadium variety of beaches available including Avoca • Peninsula Beach, Ocean Beach and The Entrance. Recreation Beaches and Nature Precinct The Central Coast offers and endless supply • Wyong of nature and adventure. Some of the Coast’s Racecourse major attraction include; Brisbane Water National • Mount Penang Park, Bouddi National Park, Hawkesbury River, Gardens Event Jilliby State Conservation Area, Lake Macquarie Park and State Conservation Area and the Munmorah Parklands State Conservation Area. • Peninsula Adventure and Family Attractions Leisure Centre Get active in the Central Coast and take the • Lake Macquarie kids out to the Australian Walkabout Wildlife • Tuggerah Lake Park, Australian Reptile Park, Central Coast Marine Discovery Centre, Australian Rainforest • Kincumba Sanctuary (Forest of Tranquility), Central Coast Mountain Regional Sporting and Recreation Complex or Reserve TreeTops Adventure Park, just to name a few. • The Art House You will find an array of dams and golf clubs, • The Great North beaches and lookouts across the coast. Walk Whether it’s golfing, fishing, hiking, biking, or • The Entrance even feeding pelican’s, the Central Coast has an Ocean Baths adventure destination to suit all ages and tastes.

9 RETAIL

The Central Coast boasts a variety of artisan and farmers markets, fashion boutiques and shopping centres.

Markets Shopping Centres Local markets offer unique Find all that you need at a treasures, multi-cultural cuisines, Central Coast Shopping handmade garments, artwork, and Retail Centre: furniture, homewares and jewellery. • Erina Fair Shopping Gosford City and The Entrance Centre markets are well known across the • Westfield Tuggerah region and some will travel hours Shopping Centre just to take part in the festivities. • Imperial Shopping Other local markets across the Centre Coast include: • West Gosford • Avoca Beachside Markets Shopping Centre • Terrigal Beach Markets • Bateau Bay Square • Umina Beach Markets • Wyong Milk Factory • Shelly Beach Markets • Lakeside Shopping • Terrigal Antique & Vintage Fair Centre • And more! • Plus many more!

10 MEDICAL

The Central Coast is serviced by the Central Coast Local Health District (CCLHD) to provide public health services to the communities of the region. The region is primarily served by the Gosford and Wyong hospitals. Gosford Hospital is the principal referral hospital and regional trauma centre for the Central Coast, while Wyong Hospital is a major metropolitan hospital.

Other medical facilities include: • Woy Woy Hospital • Long Jetty Healthcare Centre • Erina Community Health Centre • Kincumber Community Health Centre • Lake Haven Community Health Centre • Long Jetty Community Health Centre • Mangrove Mountain Community Health Centre • Woy Woy Community Health Centre • Wyong Central Community Health Centre • Wyong Kanwal Community Health Centre

11 EDUCATION

There are over 100 schools listed throughout Central Coast including public, private and tertiary education facilities. Some of these include: • Tuggerawong Public School • Our Lady Star of the Sea Primary School • Central Coast Steiner School • The Entrance Public School • St Edward’s College • St Peter’s Catholic College • Lakes Grammar - An Anglican School • St Brigid’s Catholic College, Lake Munmorah • Erina High School • Brisbane Water Secondary College • TAFE NSW Hunter Institute (Gosford, Ourimbah and Wyong Campuses) • The University of Newcastle (Central Coast Campus) The NSW Government has set a state-wide target to ensure counselling and psychology services are now available in all schools by early 2019.

12 The Central Coast ticks all the boxes:

• Strong rental demand • Solid transport, retail, medical, • High rental yield educational and road infrastructure • Growing population • Efficient transport networks • Affordable price point • Strong prospects for future capital • Appealing to families growth DEDICATED TO BUILDING BETTER