Gosford residential statistics are an important factor for any property investor. NSW is a big state and there are a few of regional towns that are worthy a look at. Generally, when looking into property investing, we look at the towns that have “anchored” economies. That means that they are capable of surviving without being too dependent on one industry. For property investing, we think population growth is important.
Gosford residents’ details
Gosford is one of the cities that is often on the radar of many property investors. It is a prosperous and growing city. At the time of typing of this article, Gosford had 169,053 people residing in it. Gosford region had a population of 176,179. This makes this city bigger than Orange and Wagga Wagga.
Median age in Gosford is 43 years, which shows us that this is a fairly aging city. Aging cities usually indicate an underlying problem, where younger people prefer to leave the city for somewhere else.
Gosford population growth
Gosford population has remained fairly stable. There is no significant growth. Overall, number of residents in Gosford has grown by 09.7% from 2001 to 2018. Here is the table that shows trending of population growth in Gosford. This is worse than both Newcastle and Orange.
What will happen to Gosford property?
Population of Gosford has remained stable, which indicates to us the city is not losing population to Sydney. Due to its proximity to Sydney and its employment hubs, we think in long run Gosford should become more and more attractive to young professionals.