New South Wales’ second most populated city—the city of golden beaches, arts and culture—has generated much interest from buyers in recent years. If you are interested in joining the surrounding community in the Lower Hunter, consider land for sale near Newcastle, NSW. Waterford is an address located just 35 minutes from the heart of Newcastle’s amenities.
Why buy land near Newcastle?
Nestled between rich wine country and the liveliness of Newcastle, you will find Waterford. Waterford is a boutique community offering land for sale near Newcastle. The neighbourhood of Waterford exists harmoniously in open space and birdsong, and AVID Property Group has built with sustainability in mind. Waterford has been certified with the full 6 leaf accreditation through UDIA’s Envirodevelopment certification, ensuring responsible living from first plans to construction, to ongoing neighbourhood initiatives. The community spirit in this mindful haven is strong, as families, first-home buyers and downsizers come together. Take the guesswork and hassle out of your home search with Waterford’s land for sale near Newcastle.
Waterford is perfectly positioned only 35 minutes’ drive away from Newcastle. Life at Waterford comes with a connection to a range of facilities in Newcastle, offering convenient lifestyles at a fraction of the pace and price. While Newcastle is growing both in its population and its number of cafes, shops, dining and more, life in its surrounds in a place such as Waterford, has a more relaxed, open and neighbourly feel. Its tight-knit family of residents live a tranquil, well-connected life with everything that they need right on their doorstep. At Waterford, we have land for sale close to Newcastle perfect for all needs and lifestyles.
How to Buy Land near Newcastle – FAQ
Have you got questions on land for sale? Check out our frequently asked questions below.
How does buying land and building a house work?
When you buy land and build a house, your purchase is separated into two separate contracts: one for the home design and build, and one for the land sale. When you build a house in a master-planned community, you can customise your design as much as you desire, resulting in a home made to suit your lifestyle and your budget.
Is buying land a good investment?
The success of your investment depends on the average property price in the area, as well as proximity to amenities. For example: Waterford is closely located to the urban centre of Newcastle. As demand and overall interest in a certain area grows, the area typically gains more infrastructure and becomes more liveable. By buying land in a master-planned community, you compound these benefits at an affordable price: everything you need is just a stone’s throw away.
Do you get the first home buyer’s grant buying land?
You may be eligible for the NSW government’s First Home Owner Grant. For anyone building new properties worth $750,000 or less, you may be able to register to receive $10,000 towards the property price, as well as being eligible for the First Home Buyer Assistance Scheme and a stamp duty discount or exemption. Note that AVID does not administer these services. For more information, apply through Revenue NSW.
What type of loan do you need to buy land?
To buy land, you will need to apply for a land loan. You can apply for this with a home loan provider, but you will require a deposit – this varies depending on the lender. If your deposit is under 20%, you will be required to pay Lenders Mortgage Insurance (LMI) as well as any upfront administration fees.
For your home’s build, you will need to take out a construction loan. This is a short-term loan to help you kick off your build, and is generally payable over one year. Many lenders only require you to pay interest during construction rather than the full amount—when the build is completed this converts to a standard home loan.
Don’t see your question? Want to speak to a sales consultant, or find out more about our available land for sale? Contact us today and find out more about whether Waterford is the right fit for you and your new lifestyle.
This article should not be considered professional financial advice. AVID is not a financial adviser. This article contains general information only and is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal or financial product. Although every effort has been made to verify the accuracy of the information contained in this website, AVID, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained on this website or any loss or damage suffered by any person directly or indirectly through relying on this information. You should seek out independent, professional advice on your personal circumstances, particular investment objectives and financial situation before making any financial decisions.