- Posted By Shiral Alexander
WHAT EDGEWORTH HAS TO OFFER
We all know it: every property investor hunts for it, but instant equity uplift is often elusively mirage-like. Despite this, the eager residential investor will have this mythical item high on the check list underlined and highlighted, right next to a competitive package price, low vacancy rate, attractive rental return, strong population growth, infrastructure, transport, employments, schools and shopping all within a short distance etc, etc. And so goes the list.
But you wouldn’t read about it….
Edgeworth is Newcastle suburban in nature, patched in to all the essential modern –life services: rail, freeway, university ( student population 40,000) and TAFEs, leading medical facilities with hundreds of beds ( John Hunter Hospital, Mater Hospital and soon to be constructed New Maitland Hospital to name a few), top-performing schools, shopping and employment zones. Edgeworth is located 10 minutes to popular lakeside parks and playgrounds adjoining beautiful Lake Macquarie; 25 minutes to scenic Newcastle Beaches, Newcastle Port Precinct, vibrant Coffee and Restaurant districts; and 30 minutes to Australia’s oldest wineries and Newcastle airport.
The factors combine to make Edgeworth a highly sought-after destination that results in a vacancy rate of just 1% sustaining rents of over $500 per week. Therefore, we believe that Edgeworth is one such place that achieves all the hard to meet, essential investment criteria.