Hi All,
I'm a single FHB in Newcastle, thinking of buying a Villa/townhouse/unit in Hamilton, New Lambton, Cooks Hill, Newcastle (inner city etc). Preferably 2br, but would consider 1br if a very good one. My intention would be to owner occupy for 1-3 years the rent out.
I'm new to real estate, and stumbled apon this very useful forum (and hence this is my first post!).
I have been watching the market for the past month, and attended a few open houses. Does anyone have a good idea what I should be paying for such properties? Or alternatively, any suggestions on how I could work out a rough value for a property that I have looked at?
Also does anybody have any insight to where the Newcastle market is heading at the moment (I am in no rush)?
And finally, any tips on what is better, older unit in a large block in a better area with better return, or villa with lower return? Or newer 1bd unit?
Preferably a maximum price of $330k, could possible stretch it a bit further.
Many thanks
I'm a single FHB in Newcastle, thinking of buying a Villa/townhouse/unit in Hamilton, New Lambton, Cooks Hill, Newcastle (inner city etc). Preferably 2br, but would consider 1br if a very good one. My intention would be to owner occupy for 1-3 years the rent out.
I'm new to real estate, and stumbled apon this very useful forum (and hence this is my first post!).
I have been watching the market for the past month, and attended a few open houses. Does anyone have a good idea what I should be paying for such properties? Or alternatively, any suggestions on how I could work out a rough value for a property that I have looked at?
Also does anybody have any insight to where the Newcastle market is heading at the moment (I am in no rush)?
And finally, any tips on what is better, older unit in a large block in a better area with better return, or villa with lower return? Or newer 1bd unit?
Preferably a maximum price of $330k, could possible stretch it a bit further.
Many thanks