NSW West Newcastle Early-bird Property Boom

Hi.

I've had the pleasure to meet with a multi-millionaire investor specialising in both commercial and residential real estate investing and - he gave me a bit of advice.

Although he did not directly state it. It was more through his body language and tone of voice as I asked him questions where the answers lied. Based on my interaction with Jamie I concluded:

Not Newcastle itself - but rather toward Maitland and Singleton - although not so far - there are golden opportunities to purchase large properties with houses for bargain prices.

From an economic stand-point, also from my own experience in marketing, although the slogan "SEE CHANGE" is all over the streets of Newcastle, it doesn't make sense to me to invest close to the CBD.

Given that homes in Manly, Bondi, Ryde, Parramatta, Chatswood and so on are not so expensive because they are "nice areas" or "close to work". Rather, SCARCITY is the reason.

In saying this, Newcastle itself will not become Sydney/Brisbane/SunshineC/GoldC and so on until ITS SURROUNDING SUBURBS are filled.

This in turn in synergy will stimulate Newcastle's economy/demand/price.

The reason I posted this thread is not to preach advice. Rather to engage the community to reconsider investing in "hot spots" when there are bargains to be found out West.

 

Are you referring to semi-rural properties with potential for subdivisions? Have you looked at Thornton and Greenhills lately? You will want to bank that land for a decade or more to realise any profit out of it I would think, particularly given how companies in the valley are laying people off at the moment.

I would say past Maitland is pushing it in this respect. There is quite a bit of backfill to be done before anything out there starts to put pressure on the city, let alone out at Singleton.

Inertia
- I know nothing.

 

Respectfully have to disagree with your millionaire mate... A lot of land out there and there has been no indication from anyone in planning that there is going to be anything happening out that way for the foreseeable future. Investing in the hunter is all about putting your money in Newcastle unless you are Landcom, Australand etc and want to have a go at a large scale subdivision.

 

Inside Wallsend, Kurri Kurri, Beresfield area must be developed, commercialised and or industrialised for Newcastle to compete against the largest cities in and across Australia.

Looking at QLD, NSW investor groups could definitely learn a thing or two (if they haven't already). Major cities must BRANCH into mid-high density cities within 2-300kms.

To compete with cities like Sydney on average market price. Economically speaking this is inevitable.

It's obvious to me QLD will remain ahead in avg property market price however if NSW investors (residential/commercial/industrial) play it right can come out on top.

For such to happen, gradually - with time - will require those areas closest to Newcastle CBD with dirt cheap lots (compared to Syd/Bris/Etc) to be capitalized on.

It must happen for "Newcastle" to become a truly major city. The West will be heavily invested in. It's only time until "it's too late".

 

That you know of.

 

ok...