Jessica Darnbrough
The NSW city of Newcastle has been highlighted as the hotspot to watch.
Positive Real Estate chief executive Sam Saggers told The Adviser that the city is a great place to invest given its diverse economy.
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“While the yields are not as good as some other smaller, one economy mining towns, from a capital growth perspective, Newcastle is a great investment,” he said.
“Newcastle is not a single market, there are plenty of opportunities to buy and do so safely. The expansion of the port will allow the area to produce more coal, which will have a huge impact on jobs, wage growth and, in turn, property price growth.”
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