Take A Look At This Awesome Sanctuary Point Property!
Bluewater Sanctuary, New South Wales
Here we have a great dual occupancy property with an affordable price with a whopping 6.6% rental return in a great suburb.
The Shoalhaven is bordered by the mountains, coastal plains and 100 magnificent beaches, and includes 49 towns and villages. From Sydney, it’s an easy two hours drive 160 kilometres south. And from Canberra, it’s a two and a half hour drive north of around 200 kilometres. The Shoalhaven has a mature but growing economic base.
With broad diversity in many value adding sectors such as aircraft maintenance and overhaul, general manufacturing and logistics, the economic base is supported by domestic and international trade. Government administration and services are strong as is education, health and the construction industry. Many localities are also highly oriented to tourism and retail.
A vacancy rate of less than 3% is a great indication there is a strong level of demand for rental properties in a suburb. This also indicates there is not a sufficient level of housing to meet the demands of the market, which is an positive outlook for an investor looking to enter the market. A rental yield of around the 5% is also generally a good indication of level of strength of demand in a market. Rental yield is the annual return on investment of an investment property noted as a percentage of the amount paid for a property.
The current median house price is $430,000. The median house price is the midway point of all the houses sold in a suburb over a set period. Not only can the median house price give you a good idea of the value of properties in a suburb, but coupled with the information above it can also give you a feeling for how an area has been performing over recent months.
If your are interested in making an offer you are going to want to pul the trigger as these are walking in and out the door extremely quick. Contact Chris on 0434 449 455 to lock in and have a chat about your investment strategy and drop us an enquiry down below to get more info on this cracking property.