Due to 3 major announcements from Tuesdays nights Federal Budget, the door has opened for an exciting investment opportunity in NSW. What was a good investment before this announcement has just become great, and now is the time to act before the accelerated population growth moves in and pushes up property prices.
- $1.5 Billion to be spent on the upgrade of The New England Highway
- $4.5 Billion to be spent on clean coal technology
- $35 Million for Medical Research Institute
The New England Highway runs through the heart of The Hunter Valley Region in NSW which has a population of over 610,000 people. It is the largest regional area in Australia and home to more people than the state of Tasmania, the ACT, and The Gold Coast. The last decade has seen strong population growth as people relocate to the region from other parts of Australia.
There are two town centers that will prosper greatly from this budget spending, Maitland and Branxton.
Maitland
Maitland is geographically ideally located to benefit from the New England Highway upgrade, and also the continual population boom in the area. From the last Census figures Maitland was the fastest growing local government area in NSW between 2006 and 2007. It is the hub of the Lower Hunter Region, and with the population set to grow by 125,000 over the next 20 years, Maitland will house a great deal of these people.
Forturity have a brand new 4 bedroom houses on blocks over 650 mtrs at $378,000 that will rent for up to $360 per week. For clients with a taxable income of $50,000 or over, these properties will cost approx $23 per week. For clients with an income of $90,000 or more the properties will have positive cash flow.
Branxton
Branxton will be the starting point of the New England Highway upgrade, and an interchange will be built there with a highway rest area. This will increase the size of a small town dramatically in a short period of time, and this will attract private sector investment creating new employment opportunities.
Forturity have brand new 4 bedroom houses on blocks over 700 mtrs from $369,000 that will rent for between $330 and $350 per week. For clients with a taxable income of $50,000 or over, these properties will cost approx $30 per week. For clients with an income of $92,000 or more the properties will have positive cash flow.
All properties include:
- Reverse cycle split system air-conditioning
- Automatic garage door
- Turfing, trees and native shrubs
- Modern stainless steel appliances including dishwasher
- Treated pine painted pergola
- Smoke detectors
- Security screens & clothesline
Your builder also provides you with:
- 7 Year structural guarantee to protect your investment
- Builders all risk insurance
- Free 3 month maintenance warranty
- Pest control treatment to comply with AS codes
- Wall & ceiling insulation for total thermal protection
This region ticks all the boxes that successful property investors look for. Here’s a rundown:
- The Hunter Valley coal chain is the world’s largest coal export supply system. Hunter Valley coal production is forecast to increase from under $100 million tonnes per annum (mtpa) to over 200 mtpa by 2014 and possibly up to 300 mtpa.
- The Government-owned Australian Rail Track Corporation (ARTC) is investing over $1 billion to improve coal carrying capacity in the region to realise its Hunter Valley Investment Strategy.
- In the December 2008 Nation Building Package, the Government provided a $1.2 billion equity injection to the ARTC to finance its Hunter Valley rail expansion and to upgrade other key sections of the national rail network.
- The region produces 36% of Australia’s coal exports, with 80 million tons per annum worth $6 billion dollars sent through the Port of Newcastle (Australia’s largest port)
- The region produces 1/3 of Australia’s aluminum
- Growing military bases at Singleton & Williamtown
- Australia’s largest contiguous industrial zone
- One and a half hours north of Sydney, 20 mins west of Newcastle
- Newcastle is Australia’s fastest growing regional airport
- NSW’s largest producer of electric power
- Equine industry provides 70% of Australia’s thoroughbred foals
- More wineries & cellar doors in the region than anywhere else in Australia
- Population set to grow by 125,000 over 25 years
- From the last Census figures Maitland was the fastest growing local government area in NSW.
Here’s what makes this deal even better:
We can get you a $10,000 rebate toward your purchase. That means that you’ll have $10,000 in an offset account and this will pay all the holding costs for at 5 years +. So you can have an investment growing in value for you and it cost you nothing for 5 years +.
To find out more, send an email through to propertyhotlist@forturity.com.au and we will send you an indepth information pack on the properties, the area and a cash flow analysis based on your circumstances.
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