NSW IP in Maitland (Raworth)..Good Idea?

Discussion in 'Where to Buy' started by Shori, 5th Aug, 2017.

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  1. Shori

    Shori Member

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    Hi guys,

    Just wondering what your thoughts are on Maitland and surroundings considering New Castle is getting expensive. I believe people are already looking out side of Newcastle.

    Came across a house and land package in Raworth. Looking at long term investment. Buy and hold...

    Distance to Newcastle - 35kms
    4 Bed Rm - $520K
    Land size - 720sqm
    Rent expected - $450 pw

    Any guidance, will be much appreciated.

    Cheers
     
  2. Shori

    Shori Member

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    *Bump
     
  3. samiam

    samiam Well-Known Member

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    Any reason you want to buy Maitland? It is too getting pricey - don't know how much steam left though
     
  4. tomlemke

    tomlemke Well-Known Member Business Member

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    Hey @Shori Raworth has had statically low capital growth and a 4.5% yield I See absoulutly no upside with this deal. You would be far better off buying something in Mayfield / Mayfield West / Waratah/ Charlestown/ Cardiff / that's going to have the same yield and much better Cg potential.
     
  5. Shori

    Shori Member

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    Thank you for your input guys.

    We are simply looking at areas around New Castle for our next IP (new property). This area and a property were suggested by someone. They obviously have vested interest in this too ;)

    We will do more research. Don't know much about areas around New Castle...
     
  6. Micko

    Micko Well-Known Member

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    Raworth? I live in Newcastle and had to look up where it is....never heard of it before that. :)
     
  7. Micko

    Micko Well-Known Member

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    Do you like Lambton as well @tomlemke ? 3 Lloyd Street doesn't seem too bad....id rather a 3 bedder but i always liked that part of Lambton.
     
  8. tomlemke

    tomlemke Well-Known Member Business Member

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    Avoid new, buy as close to the cbd as your budget will allow.
     
  9. tomlemke

    tomlemke Well-Known Member Business Member

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  10. Biz

    Biz Well-Known Member

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    Learn because there is nothing worth buying in the Hunter outside of Newcastle and Lake Macquarie council areas IMO.
     
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  11. Micko

    Micko Well-Known Member

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