• Purchase Price: $822,500 in Aug 2023
  • Valuation in Jan 2024: $860,000
  • ROI: $38,000 equity gain in 5 months

We purchased this investment property in Newcastle for our long term clients and it is their third investment property, only minutes away from the CBD and beaches.

Our clients are a young couple in their twenties who have decided to rent-vest. In three years they have purchased three properties (Brisbane, Regional VIC and Newcastle) with a market value of around $2m.

This property provides them with access to the strong Newcastle property market and into a suburb that has generated on average 9.5% growth per year for the last 10 years. We are excited to see the continued growth of their property portfolio.