Purchase Price
$770,000
Current Value
$910,000
Greater Newcastle, NSW
$140,000
$950 pw (6.58% yield)
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.