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I live on the CC and have been watching the local market very carefully for past year. Prices have almost doubled in past 2-3 years. I still believe there is more growth in the area. You will not find positive cash anywhere even in the cheaper areas up in the north end eg. Budgewoi. I purchased a property in Saratoga in March for $320k now valued at $420K. There are many investors renovating to sell straight away in the Terrigal, Wamberal areas and it is possible to make a $100k profit providing you purchase in the right streets.
Central Coast is a big area and prices are very different suburb to suburb so if you have an area in mind let me know.
Sorry, I probably didn’t word myself correctly. I too live on the central coast and can not afford another property here at the moment. I am heading to the “beenleigh” area, north of Gold Coast south of Brisbane and am interested in recent purchases.