I’m not sure whether I seem to notice more good news about the Newcastle area because I’ve moved up here or because EVERYONE is moving up from Sydney.
Admittedly I can see all the house and land blocks being built, roads being improved, traffic lights being put in as well as a luxury marina and restaurants and soon to be Pullman Hotel being built, so it must be true!
Here are some stats that I’ve received lately, including the downloadable PDF report from QBE.
I’ve been a Sydney sider all of my life, until 2015 when I moved up to the Morisset Peninsula where a lot of Northern Beaches residents seem to have moved to. Until I moved up this way Newcastle was just some little town like Wollongong – in other words I had no idea what it was like because it wasn’t Sydney!
What I’ve seen since being up here has been overwhelming and here are some stats for you..
Property investors are seeking income and growth when they purchase an investment property and in regional areas many investors expect the rental income return to be high, particularly if they don’t expect their to be massive growth in value.
Dual Key Properties give investors VERY high rental returns as well as land ownership and these are the figures..
When you explore investing in a brand new property you’ll begin to see how a lot of builders, developers and land owners work together to develop a vacant block of land into an estate.
It’s very common for house and land packages to have a contract for the land and then a contract for the building of the house, particularly if you buy early in the development phase.
A single contract for a new house and land package usually means that the builder has completed the build of the house on a new block of land and they are able to sell it all in one contract.
There are plenty of reasons this happens and one of them is when they build a number of houses in the same area when enough new house sales have been made to warrant it. That’s the case with this property at Cessnock NSW