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The Central Coast commercial property market is poised to gain from the new high-speed rail links, with improved connectivity likely to draw businesses and boost activity for agents.
While the property market on the Central Coast has undergone a transformation in recent years, driven by lifestyle buyers who continued to flock to the region, more is to come as transport links improve.
Following the government’s announcement of a high-speed rail (HSR) line connecting Sydney and Newcastle, which could cut the journey to under an hour, real estate network Raine & Horne said the region will experience another boost.
Raine & Horne executive chairman Angus Raine said the announcement of the government's plan for a high-speed rail between Sydney and Newcastle was a “long-awaited turning point” for the region.
“We’ve been hearing about fast rail for more than 30 years, and it finally feels real with talk of the project being shovel-ready by 2028,” Raine said.
“Faster, more reliable connectivity between Sydney, Gosford, the Central Coast and Newcastle will prove transformative for local economies and property markets.”
“For commercial real estate in particular, improved access to the Gosford and Newcastle CBDs will lift business confidence, attract investment and eventually drive values and leasing across the Central Coast and Newcastle.”
Principal of Raine & Horne Commercial Newcastle, Brad Wallace, said the new transportation link would have a “huge impact” on the steel city’s commercial property market.
“The announcement brings additional positivity to the local commercial market, and it is likely we will see a growing number of Sydney-based companies transfer their head offices to the Newcastle region,” Wallace said.
He said the biggest jump was likely to occur in the city’s office market as more businesses seek space in the CBD, with the proposed line ending in Broadmeadow, just 4 km to the west.
Gold for Gosford
Similarly, the Gosford market would benefit from the HSR, serving as a key stop along the journey.
Raine & Horne Commercial Central Coast director Geoff Tilden said the transport links would give businesses a better chance to capitalise on the underutilised commercial properties in the area.
“There is plenty of opportunity to mix commercial property with residential space, and benefit from the current zoning,” Tilden said.
“The local industrial market has already seen a lot of corporates coming up to the Central Coast from Sydney, so office and retail markets should follow, as they usually go hand in hand.”
Tilden said he expected companies to begin landbanking across the Central Coast, anticipating long-term growth.
“We may not see a massive short-term uplift, but in the long-term, the benefit will be huge, especially as our rentals and cost of living are cheaper, and this is coupled with the upside of an available workforce.”
“There is already a strong residential base in Gosford, and that's probably going to double if the high-speed train comes through.”
Additionally, Raine said enhanced transportation links to regional centres could unlock the potential of new property markets.
“Experience has shown that over time, these regional links bypass bottlenecks, open up affordable markets for commercial enterprises, and bring much-needed economic growth to regional hubs,” Raine concluded.
ABOUT THE AUTHOR
Mathew Williams
Born in the rural town of Griffith NSW, Mathew Williams is a graduate journalist who has always had a passion for storytelling. Having graduated from the University of Canberra with a Bachelor of Sports Media in 2023, Mathew recently made the move to Sydney from Canberra to pursue a career in journalism and has joined the Momentum Media team, writing for their real estate brands. Outside of journalism, Mathew is an avid fan of all things sports and regularly attends sporting events across Sydney. Get in touch at
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