Set in the scenic Lake Macquarie region, just 19km to Newcastle CBD, this area has been dubbed as Australia’s Next HOTSPOT! Positive Real Estate has sourced these very generous (101sqm) double storey apartments, which are just 4 years old and offer stunning water views to Lake Macquarie.

With yields of 6.3% and a two year rental guarantee of $500pw, this is a prime opportunity for astute investors to enter the booming Newcastle market.

With benchmark apartments selling for up to $745K and the billions of dollars being injected into local infrastructure and nearby mining projects, we believe this RED HOT deal will not last and urge clients to get in NOW.

With demand for housing in this area rapidly increasing, as supply is being restricted, investors are urged to take a close look at this deal, which is selling at a price point significantly less than other similar 2 bed units in Belmont.

Infrastructure spending in the region includes major improvements to the only area hospital in the amount of $31 million, redevelopment of the Belmont Bowling Club to include a new clubhouse, a Woolworths and 28 specialty stores.

Growth drivers include its locality; Located opposite TAFE NSW Hunte, just 200m to Belmont Shopping precinct and 1.7km to Belmont Hospital. Additionally $B Infrastructure into the Greater Newcastle Area including the coal port & terminal, as well as high population growth, a tight rental market and very affordable house prices are forcing house prices up in this area.

• Purchase price: $410,000
• Weekly Rent: $500 (2 year rental guarantee)
• Gross Yield: 6.3%
• Strategy: Capital Growth
• Market Timing: Start of Recovery
• Growth Drivers: Located opposite TAFE NSW Hunte, just 200m to Belmont Shopping precinct and 1.7km to Belmont Hospital. $B injections into the Greater Newcastle area.