First-Home Buyer Secures High-Growth Investment in Newcastle
Entering the property market as a first-home buyer can be overwhelming, especially when purchasing in a location you’re unfamiliar with. That was the case for our client, a mid-20s professional from Sydney, who decided to enter the market with the rent-vesting strategy and deciding to buy in Newcastle.
Unsure of where to start, he turned to us, a trusted buyers agent in Newcastle to ensure his purchase would be both a sound investment and maximise his return on investment.
4-bedroom investment property in Mayfield, Newcastle, purchased by MacKenzie Buyers Agency.
The Challenge: Entering a Competitive Market
Our client had faced multiple challenges:
Missing out on properties due to competition.
Lacking in-depth knowledge of Newcastle’s high-growth suburbs.
Worrying about whether his investment would generate strong financial returns.
Recognising the need for a guidance, he engaged my services as a professional buyers agent for investment property, seeking an end-to-end solution.
Historical growth trends for Newcastle suburbs.
The Solution: A Strategic Purchase in Mayfield
After carefully assessing his goals, I identified Mayfield, as the ideal location for his first property investment. Known for its gentrification and future potential, Mayfield attracts a broad market, including families, down sizers and investors.
We secured a 4-bedroom, 1-bathroom, 2-car house on a large flat block for $860,000. Here’s why this property was a standout investment:
Broader Market Appeal: A 4-bedroom property caters to families, investors, and downsizers alike, offering versatility.
Value-Adding Potential: The large laundry could easily be converted into a second bathroom, increasing its appeal and market value.
Cosmetic Improvements: The slightly dated condition allows for affordable updates, boosting its appreciation rate.
Why Hiring a Buyers Agent Was Worth It
Our client invested $15,000 in my buyers agent services. While some might question the cost, the value delivered far outweighed the fee:
Expert Insights: My knowledge of Newcastle’s property market ensured he purchased in a suburb with high growth potential.
Maximised ROI: Strategic recommendations, like selecting a 4-bedroom property and planning renovations, will increase future returns.
End-to-End Support: From property search to negotiation and due diligence, I handled every aspect, saving him time and stress.
Long-Term Savings: Avoiding costly mistakes and purchasing a property set for appreciation ensures the investment pays for itself many times over.
The Results and Future Outlook
This investment property in Newcastle positions our client for long-term success. With Mayfield’s consistent capital growth and strong rental demand, his property is already generating returns. Future plans to modernise the property and add a second bathroom will further enhance its appeal and value.
Future growth forecast for the investment. *Based on long term historic trends and current property metrics.
What Sets MacKenzie Buyers Agency Apart?
At MacKenzie Buyers Agency, we specialise in helping clients like this one achieve their property goals, whether they’re first-time buyers, investors, or professionals. Our end-to-end service ensures you buy with confidence.
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Thinking about investing in property?
Contact us today to see how a trusted buyers agent in Newcastle can help you achieve your goals.
