Kevin Mason
speaker
51 appearances
1 recordings
1 series
first heard Sep 2022
last heard Sep 2022
Kevin Mason’s voice in public audio — every appearance, attributed to the second.
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Appearances
There are a number of other suburbs adjoining some of the more blue chip areas where you can still get into, you know, good quality house.
So the old 700, 750 or the 7, 750 price point is the old 500 entry price point.
But you can certainly still pick up a house in the sevens and eights.
Yeah, Craig, that's a great question.
Let's look at an area, say New Lambton, for example, which is in your middle ring suburb, very popular for families, beautiful parks.
You've got Lambton Park, you've got Blackbutt Reserve, which is a stunning area to take the kids and families.
You're looking at a medium house price there, Craig, of around the $1.5
two mark but medium apartments you're looking around the 800 mark okay so most suburbs here have got their own little village area where you've got shops and cafes there's a very strong cafe restaurant culture here very social very good value pockets here as well
Look, it's been interesting.
The Newcastle vacancy rates literally dropped to anywhere between 0% to half to 1% over the last couple of years.
Whereas it's interesting, we look at Sydney CBD, jumped up to about 16% during 2020.
So vacancy rates are still very low.
At the moment, they're ranging between 0.5 to 2%.
You've got a very good selection of quality tenants here.
Property managers have got the luxury of being very picky in choosing.
So there's always a high number of applications to rental properties.
The yields, yeah, look, the yields are always quite strong here.
They generally range typically between 3% to 4%.
They'll be lower for the high-end premium suburbs because you buy in prices higher.
But there's areas where we can be finding a yield of between 4% to even 6%.
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