Which would you prefer?
On realestate.com.au this week there was an article on houses recently sold on the Central Coast for under $600,000.
Looking at the houses in the article, I notice a common thread. All of them are old. Very Old. The old picture on the left above even boasts an 'outside dunny'.
If you were looking at one of these investment properties, you would have to get a very high rental return to make any money and the ongoing expenses would be huge.
However, the picture on the right shows a brand new home near to Maitland for under $500,000. Maitland may be further away from Sydney, but it is within a vibrant growing community where there are many tenants that live and work in that area that are just waiting for a new home to reside in.
Maitland is recognised as one of the highest growth areas in the state, with experts predicting that up to 5000 houses are needed in the next few years to keep up with the demand.
- expensive and high maintenance costs
- little or no depreciation
- high vacancy rate
- low maintenance and 6-year builders structural warranty
- good depreciation
- high occupancy
- stamp duty savings
- better rate of return for your investment outlay
When you want to buy an investment property that can give you a good return on that investment, come and talk to us and we can get you started.
The link to the article is here if you want to read it in it's entirety. Photo courtesy of realestate.com.au
Tony took his time to meet my requirements
When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.
Nothing but wonderful!
My venture into my first home on the coast was made easy by the support from Tony and his team. They were nothing but wonderful!
Willing to go the extra mile
Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.
- Roger Smith
Making Life Easy for us Landlords!
Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!