Why the hunter is being hunted

What’s the big attraction in Newcastle and the Hunter Valley for investors!!

The Hunter property market is predicted to be among the best performers in Australia over the next eight years, with values in some suburbs forecast to rise on average by more than 10 percent a year.

Newcastle, Australia’s 7th largest city is located 2 hours north of Sydney with the Inner City built around Australia’s largest working Harbour.  Awarded  9th Place in Lonely planet’s Top 10 Cities in the World, Newcastle boasts world class beaches, Australia’s largest saltwater Lake, Lake Macquarie and a relaxed lifestyle framed on the backdrop of the largest coal exporting harbour in the world.

The Hunter has one of the strongest regional economies in Australia.  While the economy of Newcastle and the Hunter is underpinned by the coal industry, there is a broad range of industry including manufacture, power generation, agriculture, wineries, cattle and equine, tourism, health, medical research and education.  The University of Newcastle is one of the few Australian Universities experiencing growth in student population.   Currently, student numbers total 32,000 with growth of a further 8000 expected by 2015.

The $1.7billion Hunter Expressway due for completion by 2014 will cut travel time from Newcastle to the Hunter by an estimated 28 minutes, provide a more direct and efficient route for freight movements between the Upper Hunter and the Port of Newcastle and potentially reduce between 15,000 and 30,000 vehicles per day on the New England Highway.

Despite  overall weak forecasts, three top analysts agree that the long term outlook for the Hunter is that it will be one of Australia’s forerunners for capital growth.  Property forecaster and CEO of Residex, John Edwards has said that all the statistics pointed to a significant spike in some Hunter suburb prices within the next five years.  The latest Residex report has listed 17 Hunter suburbs as among the best for capital growth in NSW.  Hotspotting director, Terry Rider holds the view that the Hunter is the best market in NSW and among the top 10 in Australia.   Housing Industry Association chief economist Harley Dale describes the Hunter as the state’s “shining light” (NH 09/06/12).

Further reasons to invest in Newcastle and the Hunter

  • Low Median Price – from low $200’ks to mid $300k for good suburbs
  • Population Growth – expanding by 0.9% annually (ABS)
  • Low unemployment
  • Low vacancy rates – under 1%
  • Rising Rents

There is also opportunity for adding your own value through renovation, granny flat, subdivision, development or onsell with DA approval.

Having lived in the area all my life and despite having extensively researched property both in Australia and overseas, my choice for my own investing has always been the Hunter.  Now, as Newcastle and the Hunter’s Specialist Property Buyers Agent, I’m absolutely thrilled to give other women a helping hand to find property in the area that will not only suit their strategy but have some property twists for adding value.  Just like shopping for clothes, I firmly believe that the property has to match the person.  One client had been doing her own research in the area, sent me the link of the properties she thought had potential, not knowing that I had previously seen both and was able to give her instant feedback.  It’s then that she realised “The property websites don’t show me everything, that’s why I need you, on the ground” L.C., ACT.

Snapshot…Hunter suburb

Purchaser Deb, Sydney
Property Original 3br home
Purchase $292,500
Est. Reno $3,000
Total $295,500
Est. Reval $330,000
Est. Equity gain $34,500
Time frame 7 days
Strategy Rent for now, build equity, then build granny flat

 

Testimonial from Deb

“Judith Taylor was a godsend! About to embark on the purchase of my first investment property, and a bit daunted at the prospect of doing it on my own, I am so glad I found Judith through Property Women, who helped make it a smooth and enjoyable experience.

She is a wealth of knowledge in the Newcastle areas, and with extensive experience and contacts under her belt, I am very happy to have invested in utilizing her services.

She is efficient and communicated with me every step of the way, which gave me peace of mind as she took the hard work off my hands and dealt directly with all involved including tradespeople, solicitors and real estate agents, right throughout and beyond settlement.

I have gained confidence and benefited from her assistance and am so thrilled with the house she helped me find and secured a great deal on my behalf.

I would not hesitate to recommend Judith to anyone who is looking to invest in this wonderful growth area in NSW – she is worth every cent!” Deb, Sydney

Snapshot…Newcastle Suburb

Purchaser Karen, QLD
Property 4br home on DA approved 2 Villa Site
Purchase $430,000
Est. Reno $15,000
Total $445,000
Strategy Reno and rent house while building 2 x villas, on sell to create cash flow

Testimonial from Karen

“I cannot thank you enough for helping me get into the Property Market.  You have made sourcing, negotiating, & purchasing the property incredibly painless and stress-free!!!  Thank you Judith for finding me the best deal and then negotiating an even better deal for me!!  It is a pleasure working with you and I’m looking forward to a long and very successful working relationship with you!” Karen, QLD

This article was provided by Judith Taylor at Select Property Finder

If you would like to know more about investing in Newcastle and the Hunter or find out if it’s right for your strategy, you can contact Judith via by clicking here

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