As a buyer’s agent, we can act for property buyers regardless of their location. For example, an out-of-town client approached us wanting an investment property in the Newcastle market. He had been searching for some time on his own, but lacked the local knowledge required to uncover property gems.
The process started by creating a profile on what each suburb offers in terms of return versus capital growth for his budget and the types of properties to expect in each area.
We were able to provide advice on which areas have older properties, so would likely have higher maintenance costs, which areas have shown significant recent growth, and which areas had the potential to spike in value, delivering growth in the near future.
We identified and presented him a selection of on and off-market properties in each of the areas we recommended. Thus we were able to snap up this great house in a lovely cul-de-sac with a lush bush outlook before it went to market. The property is an ideal entry into the popular suburb of Charlestown. The family home was in immaculate condition as an investment property. It was ready to move straight in away or update and take advantage of the large block and convenient location.
This client purchased 5 Attunga Cl, Charlestown for only $680,000 – an excellent property investment. A perfectly located property near Charlestown Square, schools, beaches and public transport.
- Bought: $680,000
- Appraised: $670,000-$730,000
- Rent: $580pw
- Return: 4.4%
“Sarah and I just want to thank Kylie and Siobhan for all their efforts in securing us the perfect investment property, being from out of town it was next to impossible to do the ground work and without the help from Kylie and Siobhan we would still be looking.
House hunting went from a stressful experience to a stress-free experience with Kylie and Siobhan, when we are ready to buy our next investment property we will be sure to contact Property Solutions 101.”
If you need a hand securing an investment property? Let us help you save your time and money. Contact Property Solutions 101 today for an expert buyer’s agent touch.
The largest town in the region, Charlestown is a busy hub about 10km south-west of the Newcastle CBD, and is home to Charlestown Square, the largest shopping centre in The Hunter. Charlestown is close to the beautiful Glenrock State Conservation Area and is also a stop on the famous Great North Walk.
A short drive east of Charlestown, Glenrock State Conservation Area is a place to relax on empty beaches, pedal along picturesque mountain bike trails and hike through deep-green rainforest to find waterfalls.
The size of Charlestown is approximately 7.1 square kilometres. It has 50 parks covering nearly 16.4% of total area. The population of Charlestown in 2011 was 12,411 people. By 2016 the population was 12,918 showing a population growth of 4.1% in the area during that time. The predominant age group in Charlestown is 30-39 years. Households in Charlestown are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Charlestown work in a professional occupation. In 2011, 73.7% of the homes in Charlestown were owner-occupied compared with 72.6% in 2016. Currently, it sits at 74%.
Based on five years of sales, Charlestown has seen a compound growth rate of 34.2%
Presently, the median sales price of houses in the area is $893,000.
Contact Property Solutions 101. Discuss your Newcastle commercial and residential property management and buyer’s agent needs.