1300 38 66 34
Lake Macquarie Capital Equity Uplift
Property Overview
| Category | duplex |
| Market price | $761,100 |
| Market rent | $820 p/wk |
| Yield | 5.60% |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Carports | 2 |
| Garages | |
| Address | Lot 57,Newport |
| Suburb | Dora Creek |
| State | NSW |
| Postcode | 2264 |
Expression of interest
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Newcastle, approximately 160 kilometres north of Sydney, has lagged the NSW capital in terms of price growth and is set for a significant turnaround, according to managing director of BIS Shrapnel Robert Mellor. Mr Mellor said the Newcastle region had recovered from mining-related slowdowns and company closures of the past decade and was now in reasonable shape.
BIS Shrapnel forecasts put Newcastle's growth over the three years to 2017-18 at 15 per cent compared to Sydneys two per cent.
This is a dual purpose investment:
#1 The extremely strong positive cashflow that makes this a 100% self funding & profitable cashflow investment,
#2 The duplex pair strategy delivers significant manufactured equity (Capital Gain).
All infrastructure costs for later Strata Titles are already included: s94 contribution $28,000, Subdivision Costs $13,000 & Earthworks/retaining $15,000
All that is required come the time is to apply for the strata titles to be implemented with council. (Changes in future council rates will then being applied to each residence, instead of seeing it as just one pre-strata titles)
Once strata titled, each side of this model duplex is currently valued by local estate agents to have a sale price guide between $430,000 to $460,000 per side. To be cautiously conservative with even local agent expertise even at $410,000 per side = $820,000 - Less the purchase price, that's upwards of $59,000+ in manufactured equity.
Dora Creek is a very popular spot on Lake Macquarie, New South Wales, Australia. Newcastle CBD is just 25 minutes drive from Dora Creek.
The treasures of the Hunter Valley wine region are just waiting to be discovered and for those who love the buzz of city life, Newcastle's shops, cafes and nightlife are only a short drive away
For the more adventurous, the surrounding countryside provides excellent hiking, biking and golfing. While water sports enthusiasts are only a short drive from some of the best beaches in the world.
BIS Shrapnel forecasts put Newcastle's growth over the three years to 2017-18 at 15 per cent compared to Sydneys two per cent.
This is a dual purpose investment:
#1 The extremely strong positive cashflow that makes this a 100% self funding & profitable cashflow investment,
#2 The duplex pair strategy delivers significant manufactured equity (Capital Gain).
All infrastructure costs for later Strata Titles are already included: s94 contribution $28,000, Subdivision Costs $13,000 & Earthworks/retaining $15,000
All that is required come the time is to apply for the strata titles to be implemented with council. (Changes in future council rates will then being applied to each residence, instead of seeing it as just one pre-strata titles)
Once strata titled, each side of this model duplex is currently valued by local estate agents to have a sale price guide between $430,000 to $460,000 per side. To be cautiously conservative with even local agent expertise even at $410,000 per side = $820,000 - Less the purchase price, that's upwards of $59,000+ in manufactured equity.
Dora Creek is a very popular spot on Lake Macquarie, New South Wales, Australia. Newcastle CBD is just 25 minutes drive from Dora Creek.
The treasures of the Hunter Valley wine region are just waiting to be discovered and for those who love the buzz of city life, Newcastle's shops, cafes and nightlife are only a short drive away
For the more adventurous, the surrounding countryside provides excellent hiking, biking and golfing. While water sports enthusiasts are only a short drive from some of the best beaches in the world.
Call 1300 67 27 28 to find out more or quickly register now on this page and we will contact you to talk about your investment objectives to refine what may best suit your personal circumstances.