1. Much more affordable (with an excellent ROI)
If you’re reading this article, you probably already know.
Sydney is expensive.
The bustling city was ranked the 15th most expensive city in the world in 2020. So, it’s no wonder people are escaping the rat race of Sydney to live in the Hunter Region.
By contrast, the Hunter has been identified as a location where you can reap significant returns on investment.
According to a report by Hotspotting, the Hunter offers cheap house prices in a location enjoying a thriving economy. They advised to “get ahead of the boom” and invest in property right there.
This is especially so in suburbs like Greta, Muswellbrook, Branxton and North Rothbury. If you’re looking to invest, the rental yield in Greta was identified at 5.9% (gross) and Muswellbrook at 6.8% (gross).
And the median house price? Only $400,000-$450,000 in places like Singleton, Greta, Cessnock and Kurri Kurri.
There are now new estates popping up everywhere, with affordable options to consider buying. Places like Hereford HIll, Heritage Parc, Wyndham Ridge, Huntlee, Radford Park and Stonebark are certainly places for you to keep your eye on.