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well, the relo's actually live in hawks nest - the other side of port stephens - and i know some people who bought investment properties at the peak of the boom. figures we're looking at are $500k to buy, reno of $10k, holiday rented for around $16k/yr, currently perm rented for $180/wk and...

greg - i live in newcastle but have rele's retired up at port stephens. personally wouldn't buy there as an investment at all. very expensive, seasonal holiday rental (high letting fees/maintenance and crap annual returns) which are not guaranteed and all the other drama that goes with holiday...

it's the bumper sticker chant for the local footy team (arl) - go the knights!

in newcastle i'd say hamilton adamstown belmont cooks hill (if you can find a cheapy) merewether (on the right side of city road) feel free to argue with me anyone from new-kar-cell