42 Wakool St Windale NSW 2306 For Sale

DA Approval Backyard granny flat, secondary dwelling, garage carport for Lake Macquarie Newcastle area - Windale

This property is an ideal first investment property for Sydney or Melbourne investors who have equity in their own home or some savings and the goal to be a property investor.

It’s an ideal investment because the total price of the pre-development property is under $400,000 and it comprises a house with rental income and a large backyard with side driveway access.

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QBE Insurance rates Newcastle as one of the best bets for property investors from 2019-2022

Investment Property in Newcastle better than Wollongong because Newcastle economy is growing strongly QBE 2019-2022 report

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.

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Is it a Good Idea to Invest in Property In Newcastle

Investing in Property in Newcastle, Windale, Wallsend, Mayfield, Cardiff is a good idea - Investment stats

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..

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What is a Dual Key New House and Land Package

Brand New house and land package dual key investment property at cliftleigh meadows kurri kurri hunter region front view

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..

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What is a house and land package on a single contract?

4 Bedroom new house and land package at Lot 406 Cessnock $485,000 TPC APAJLB9w

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

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What You Need to Know About Buying an Apartment

While buying an apartment in an established block or complex takes a lot of the guess work out of what living in a particular apartment will be like, as opposed to buying off the plan [What to Look For When You Buy a House and Land Package or Off the Plan], it still raises other questions that you’ll need to answer before buying.

Strata developments have strata managers, strata fees and sinking funds and you need to be aware of the condition of the entire building.

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Three Things to Consider Before Renovating Your Home or Investment Property

As we discussed in a previous post [What You Should Know About Buying a Knockdown Rebuild], sometimes finding the best home in the best area is not always feasible, whether it’s due to your budget or just a lack of suitable homes that are on the market.

In this case, you may look for an older home that you can renovate to better suit your needs later. If you decide to go down that route, however, there are things to keep in mind.

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What You Should Know About Buying a Knockdown Rebuild for Property Investment

It’s not always easy to find the best house in the best location, which is why it’s always wiser to look for the worst house in the best location.

Buying a knockdown rebuild (known as a KDR), essentially means buying a property with the explicit intention to knock it down and build a new dwelling on the land.

Sounds simple enough, but there are still many things to consider before purchasing a home simple to demolish it. Continue reading “What You Should Know About Buying a Knockdown Rebuild for Property Investment”

Why You Should Review Your Home Loan Each Year

Newcastle, Lake Macquarie, Hunter Buyers Agent - property buyer and property investment - review your mortgage regularly

Most mortgage holders haven’t changed their home loan in the last five to 10 years, even though their circumstances have most definitely changed in that time.

Largely that’s because there’s the perception that refinancing is a difficult process or because people think the deal they got at the time was good — it it ain’t broke, etc, etc, etc. The truth is that banks will readily increase their rates and let you know via email or their app and you can do the same to them! Continue reading “Why You Should Review Your Home Loan Each Year”

What to Look For When You Buy a House and Land Package or Off the Plan

New house and land packages in Newcastle, Lake Macquarie, real estate buyers agent and investment property training

Buying a brand new home often means signing up to a house and land package, or if you’re buying into a townhouse or apartment complex, buying off the plan.

In both instances, however, it’s not quite as simple as it sounds, as no two house and land packages or off the plan purchases are ever the same.

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