Thornton, Hunter region
from $512,810 – 4 bed, 2 bath, DLUG house and land package
Stamp duty only payable on land component
For investors, the Hunter region just keeps getting better. There are some excellent new developments in the area, there is massive infrastructure spend and the rental demand is very high.
Let’s take a look at why we love it so much.
Thornton is a suburb that offers great work/life balance and is very popular amongst young families. It’s just a 30-minute drive from Newcastle CBD, 15 from Raymond Terrace, 35 minutes from the Hunter Valley Wine Trail and less than an hour from Port Stephens.
Within very close proximity you have public and private hospitals, the RAAF base, Newcastle University, TAFEs, public and private schools, parks and shopping centres. This area is also well positioned for highway and motorway access, public transport and Newcastle airport.
Massive infrastructure improvements to the region include a $10m upgrade to the RAAF base and a new $400m hospital about to begin construction. $1.7b has been earmarked for upgrades to the M15 Hunter Expressway and $900m has upgraded Newcastle Airport to an international terminal. $377m has been spent upgrading the local shopping centre which has seen the opening of David Jones, JB Hi-Fi and many other new stores.
Starting at $512,810, we have options up to $545,000 for 4 bed, 2 bath, DLUG, with house size ranging from 165sqm to 225sqm.
The price includes a 25-year structural guarantee, carpet & tiles, fly screens, 1 air conditioning units, ceiling fans, energy efficient lights, blinds, stone kitchen benchtop, stainless steel dishwasher, basic landscaping.
As it’s a house and land package, it has a two-part contract and stamp duty is only payable on the land component ($245,000 – $262,000).
Rent forecast is from $430 – $500 per week.
Infrastructure investment is the best signal that demand will be high. Investment means jobs and connectivity. The RAAF base alone is a huge drawcard, but with the two hospitals, university, TAFE, airport and proximity to Newcastle, the rental vacancy forecast in this estate is conservatively forecast to be 2.88%.
Thornton has a high percentage of owner-occupiers, which is attractive to renters and investors alike.
If this development interests you, please get in touch and we can share more details and discuss whether it meets your investing strategy.