POTENTIAL RETURN OF $1,060 PER WEEK!

This property or other similar established properties can be acquired by our Inner Circle membership. This property may be available or it may have been acquired by our client. Submit an enquiry to learn more.

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Suitable for following Buyer Brief

Strategy Type: Buy & Hold

Investment Hold Period: Minimum 5 years

End Goal: Passive Income + Wealth Building + Tax Savings

Active or Passive Investing: Passive with minimum maintenance and ongoing involvement

Acquisition Objective: Accumulate self sustaining properties in growth areas for easy hold and get some equity to buy another one in 2 years.

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Location Highlights

• Proximity to Major Centers: Approximately 5 km west of Maitland's Central Business District (CBD) and about 168 km north of Sydney.
• Shopping and Entertainment: While Farley itself is primarily residential, nearby suburbs like Rutherford and Maitland offer a variety of shopping centers, restaurants, and entertainment options.
• Educational Institutions: Residents have access to several schools in the surrounding areas, including primary and secondary schools in Rutherford and Maitland.
• Parks and Recreation: The suburb spans approximately 12.8 square kilometers and includes two parks, covering nearly 0.5% of the total area, providing green spaces for outdoor activities.
• Healthcare Facilities: Nearby Maitland offers medical clinics and the Maitland Hospital, providing comprehensive healthcare services to residents.
• Dining Options: A variety of dining options are available in the neighboring suburbs of Rutherford and Maitland, catering to diverse culinary preferences.
• Amenities: Essential services, including shopping centers, recreational facilities, and community services, are available in the nearby suburbs of Rutherford and Maitland.
• Public Transport: Although Farley does not have an active railway station—the Farley railway station operated from 1860 until 1975—the area is accessible via nearby Maitland and Telarah stations, offering train services to Newcastle and Sydney. Bus services also operate in the region, connecting residents to surrounding areas.
• Vacancy Rate: Approximately 78% of homes were owner-occupied in 2016, indicating a stable residential community.
• Supply and Demand: The median property price for houses is currently $600,000, with an annual capital growth of 9.09%. Rental yields for houses are around 4.53%, with a median rent of $580 per week.
• Infrastructure Developments: Farley is undergoing redevelopment into a residential suburb of Maitland, with many new estates planned and land available from 400 sqm, contributing to local infrastructure growth.
• Population: The population decreased from 236 in 2011 to 203 in 2016, showing a decline of 14.0%. The predominant age group in Farley is 10-19 years.
• Employment Hubs: Proximity to Maitland provides residents with access to employment opportunities across various industries, including retail, healthcare, and education.

Recommended Due Diligence

Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Dual Key compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.

Our Inner Circle membership includes Due Diligence, Search, Data Research, Strategy forming, and End to End Support.