With high property prices in Sydney, many investors are turning their gaze to another NSW city to buy property.
Only 160km north of Sydney, the median house price in Newcastle is just over $500,000 – which is a great deal more attainable for first time investors.
Housing prices increased 9.3% in the past year, with plenty of room to grow.
Newcastle has good prospects and is already getting strong rental returns, with several infrastructure projects going ahead in the new year, such as the new light rail.
If you’re looking to buy an investment property in Newcastle, it’s important to know what you’re getting into.
Our local inspectors can perform a building and pest inspection of the property and email the report to you by the following morning.