Bought $1,215,000
Potential Rent: $850 p/w
Potential Yield: 3.65%
A local person came to us wanting an investment property in Newcastle for up to $1.5m. His goal was predominantly capital growth. We found this great property and chose it for the mix of location – close to the city, transport and amenities, the modern, brick construction – for low maintenance and the price we were able to buy it for. The four bedrooms meant we were able to secure an excellent rental return, which was an added bonus.
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