I moved to the Morisset peninsula so my family could have more time having fun in the backyard and pool. We live close to the lake, there are plenty of good schools, several shopping centres and property prices are increasing quickly.
Sydney’s high property prices have pushed first home owners and property investors further out and increased demand on regional areas. While some people are looking to move out of the city to the Central Coast or Hunter regions, property investors are looking for the next growth area to invest in like the inner suburbs of Newcastle or low priced alternatives like Morisset and Cooranbong, where it is still close enough to commute to Sydney but house prices are low and increasing.
Bad Rap, but close to Newcastle, Beaches and Lake!
Windale, a suburb of Newcastle, is portrayed as one of the most disadvantaged communities in NSW. It has some of the highest rates of unemployment, substance abuse and social housing in New South Wales but much of the social housing has already been sold to investors and first home owners and at VERY cheap prices!
Would you kick yourself if you didn’t invest in a property in one of the closest suburbs to Newcastle at these prices?
This March, the U.S. Federal Reserve raised the country’s cash rate a quarter of a percent, to 1.75 percent. It’s the first time in 18 years, the U.S. has raised the cash rate higher than Australia’s, which remains unchanged at a record low 1.5 percent.
If you’re still looking to invest in real estate Cessnock might be a good low risk, high return strategy