Just a green circle
Residential

First Investment Property

Purchase Price

$770,000

Current Value

$910,000

Location

Greater Newcastle, NSW

Equity Gain

$140,000

Rental Yield

$950 pw (6.58% yield)

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Quick Property Description:

A Young Sydney based family purchased this as their first investment property with the equity from their owner-occupied house. This property, a dual-key with 4/2/2 and 2/1/1 configuration on the same title currently returning $950 pw. With the strategic advantage of getting two rentals from one property, this investment property almost pays off itself with no burden on the owners even in today’s high interest rate environment. In addition, the value of the home has increased by $140,000, in less than 3 years, thanks to strategic location, growth corridor & huge infra spend by the government.

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