I currently renting in Sydney and looking at houses around the central coast, I've noticed that houses around Chittaway bay, Berkeley vale and killarney vale are roughly 50k-80K cheaper then other places on the central coast and I am wondering why this is?
I'll be commuting to Sydney probably once a week, so keen to be close to a train station and I'm into watersports, so being walking distance to the lake / beach is also a selling point.
The main point of concern I can see in these areas, if too close to the lake is flooding, which I'm in too minds about as the lifestyle of living next to a lake would be amazing, versus some flooding once in a while.
I'm interested to hear from locals, what they think is "wrong" with these areas. If its just because they are known as being abit more "bogan" then other areas that's not a major worry for me, as with time and increase in house prices that will always reduce.