NSW Registered Law Firm, LEAD Conveyancing

s149 / s10.7s + Lawyer included in fixed fee
Get a FREE quote prepared by Trinh Thai LLB

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

1. Send us a copy of the contract & when you’ll make an offer
2. Tell us when you’d like to settle on the property
3. We’ll achieve a satisfactory outcome for you

1. Send us a copy of the contract or instruct us to draft it
2. Tell us more about the property you’re selling
3. We’ll achieve an on-time settlement for you

1. Let us know what you are proposing to do
2. We'll review the contract & s10.7 looking for red-flags
3. We’ll suggest changes & special conditions in the contract to protect your interest

Newcastle is a small suburb but one of the most populated metropolitan areas in New South Wales, Australia. For this reason, it has one of the most advanced local property markets in the world. With a total of 18 parks covering just 7% of its total area, there is more than enough land for real estate development. The real estate market of Newcastle has also been doing quite well in recent times. With a significant percentage of its population working professional jobs, they can afford the rents and mortgages for properties they rent or buy with a mortgage.

The median price for houses in the area is $1,100,000 based on current data. As for units, the price can go as high as $735,000. Also, the rental market is doing quite well when you consider the number of people looking to rent houses in this part of the state despite rising costs. The average rent is $580 per week with a yearly rental yield of 2.7%, while units go for $520 a week on average, posting a yield of 3.7%. What this goes to show is a highly vibrant property market that you can exploit to earn good profits.

As for property sales, the 5.9% for units and 2.1% for houses are the annual growth rates posted in Newcastle over the last 60 months. So from all indications, the trends are likely to continue in a positive direction as investors maximize the value of their investment. Some other data to be aware of are as follows.

• 44.1% of houses in Newcastle are owner-occupied
• The average mortgage repayment monthly is between $1800-$2399
• The predominant age group is 20-29 years
• Most of the households are childless couples

Newcastle Conveyancing is extremely important if you want to ensure that the entire documentation process is completed within any hitches. The activities of Conveyancing agents in the area insulate buyers of properties from any risks involved in the transfer of ownership from the old owner to themselves. Conveyancing involves three stages before the property can be said to be truly yours and each stage has its own unique complexity. While you may not know how to navigate the various stages, an agent does and will help you handle the paperwork while you can focus on other important tasks. 

Newcastle is a developed metropolitan area in New South Wales state of Australia. The landmass stretches from Lake Macquarie to Newcastle local government districts. This city is also part of Greater Newcastle, and suburbs close to it include Maitland, Port Stephens, and Cessnock. With close access to a waterway like River Hunter, Newcastle is one of the most important municipalities in the Hunter Region.

The economy of Newcastle is also very advanced with a record as being the largest coal exporter in the world through its massive coal Harbour from whence coal is exported to the rest of the world, particularly China. Historically, the city has come a very long way from the time when the first European, Lieutenant John Shortland, explored the region. But before his exploratory activities, the area was occupied by the Worimi and the Awabakal people. Also, about eight historical landmarks were found in the area, some of which were Whibayganba (Nobby Head), Burraihngarn (Pirate Point), Tahlbihn (Flagstaff Hill), and Toohrnbing (Ironbark Creek), among other landmarks.

Legend has it that Lieutenant Shortly stumbled upon the area by accident during his exploration in 1797 and became the first European to settle in the area. Newcastle has also been described as a hellhole because convicts were historically sent to the coal mines to dig for coal in what could be said to be backbreaking work.

• The aboriginal name of the area is Malubimba
• Lieutenant Shortland stumbled into the area while hunting down convicts
• Lieutenant Shortland sailed to the area aboard a vessel called Cumberland
• King's Town, a convict camp, was set up in the area in 1801

Newcastle is a city bustling with life, and many consider it a city that never sleeps. Regardless of the time of day, you will definitely find human activity in one part of the city or another. To this end, there are so many local attractions in the area to keep you engaged all year round. Here are some of the best spots to check out.

Stockton Beach

Stockton Beach is one of the best places to visit in Newcastle, NSW. The 32km beach is a perfect place to take a walk barefooted. What makes Stockton an amazing spot is the pristine blue waters and the moving sands driven in one direction by the sea breeze. There are different ways to access the beach by road or foot.

Port Stephens

Port Stephens is another excellent place to visit if you want to sandboard. The port's close to Stockton beach and equally as exotic. However, you will have to pay for access to use the sandboard range, and many come here because sandboarding is fun.

Scratchley

Never mind the name, but this port is not far from the city center, and it has a tower from which you can view the entire city of Newcastle and the surrounding regions.  Admission is free, and you can also take pictures of the city from this vantage point.

Bogey Hole

If you like Ocean, make sure you add Bogey Hole to your list of itineraries. Just south of Nobbys Beach, it connects all the way to the coast of Newcastle. The natural beauty of this location will take your breath away, and you can swim here all day. However, avoid swimming in Bogey Hole when the tide is rough.

Other spots worth visiting include

• Memorial Walk
• Merewether Beach
• Foghorn Brewhouse
• Blackbutt Reserve