Bought: $1,040,000
Rent: $790.00 per week
Yield: 3.95%
Clients from Sydney wanted to buy an investment property in Newcastle. However, they had limited knowledge of Newcastle and the market up here. We really wanted to buy them a house with something extra. In this case it was the cul-de-sac location, the nearby schools and the fourth bedroom – aa of which command a premium rent. We looked at numerous properties for them and managed to pick this one up under budget and under market value.
