Quite a few people commute from the cove to Newcastle , so it's almost a northern suburb ...
Love to know anywhere within two hours of sydney where you can get a nice waterfront house , jetty , boat ramp with a seperate 2 bed room unit for around 1 mill ( which is around what this sold for , not sure on exact price ) Ok so , return wouldn't stack up as a rental but ...
Housewise , ours is nicer , but we don't have the jetty and slip way , but those will come at some stage .
http://www.realestate.com.au/property-house-nsw-north+arm+cove-118845323
Brother in laws parents built a house their, they have over a 1m dollar boat so I'm sure the house would be pretty impressive they use it as weekender and love it up there slowly transiting to moving up their full time