Question 1

Is Point Frederick a nice place to live?

Accepted Answer

Point Frederick sits on a narrow peninsula of Brisbane Water in Gosford, defined by its waterside character and harbour views. Tree-lined streets lead to foreshore reserves, small marinas and boat ramps, so boating and waterfront recreation are an everyday feature. Housing ranges from weatherboard cottages and mid-century homes to contemporary waterfront dwellings, and local life centres on the foreshore, walking paths and nearby cafés. The suburb is close to Gosford’s CBD and the Central Coast train line.

With 2,043 residents, a median age of 48 and a median household income of $1,631 a week, Point Frederick is weighted towards couple families and has a roughly even split of owners and renters (about 52% owner-occupied, 47.9% rented). Council plans and the Gosford waterfront revitalisation aim to strengthen waterfront connections and add pedestrian and cycling links, and local open spaces include Pioneer Park, Hylton Moore Park and Hylton Moore Oval. If waterside recreation, walking and ready access to town and rail matter to you, Point Frederick is worth considering.

Question 2

Is it expensive to live in Point Frederick?

Accepted Answer

Buying a unit in Point Frederick sits at about 8.6 times a typical local household's annual income as recorded at the most recent Census, which places purchasing a unit well above what people locally earned then. In cash terms the median unit price is $725,000 and that multiple is calculated against the Census household income figure.

Renting also takes a large share of local income: a house rent of $663 a week is about 40.6% of a typical local household's weekly income at the last Census, and a unit rent of $600 a week is about 36.8%. On these figures, both renting and buying a unit sit noticeably stretched against local incomes at the last Census; which matters most will depend on whether you plan to rent or buy and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Point Frederick a good place to invest?

Accepted Answer

Over the past 12 months in Point Frederick, house values fell sharply, down 18.1%, while the rent those houses earn rose a solid 6.1%.

Unit values edged down 0.7% over the same period. For someone weighing Point Frederick as an investment, the numbers show the house side experienced a large decline in capital value while house rental income increased this year, whereas the unit market saw only a marginal fall in value. Whether that balance suits your objectives depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$725K
Change in value Past 12 months	-18.1%	-0.7%
Sold Past 3 months	5	11
Median days on market Past 12 months	47	68
Average rent Past 12 months	$663	$600
Change in rent Past 12 months	6.1%	N/A

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