Buying your first investment property is exciting—but it can also feel overwhelming. Between finance, compliance, finding tenants, and keeping on top of regulations, it’s easy to miss steps that cost time and money.

This practical guide is designed to help first‑time investors in Newcastle and the Hunter get from purchase to first tenant with confidence. With MOVABLE’s property management team behind you, you’ll have the systems, expertise, and support you need to set your investment up for success.

1. Clarify your investment goals

Before you even start house‑hunting, ask yourself:

• Are you investing for long‑term capital growth, short‑term yield, or a mix?

• What’s your risk tolerance?

• Do you have cash reserves for interest rate changes, vacancies, or unexpected repairs?

Tip: Write your answers down. These goals guide every decision you’ll make as an investor.

2. Do the numbers

A realistic cash‑flow projection is essential. Here’s an example for a $700,000 townhouse in Newcastle leasing for $650/week:

• Rent: $33,800 p.a.

• Property management fees: approx. $55/week

• Landlord insurance: approx. $500–$1,000 annually

• Rates, water, strata (if applicable): $5,000+ annually

• Allow 5% of rent for maintenance & vacancy

Even a “positive” property can dip into negative cash flow if repairs or vacancies occur. At MOVABLE, we can help you build a detailed estimate before you buy.

3. Choose the right property

For first‑time investors, location and property type are key:

• Houses often deliver more land value and flexibility for improvements.

• Apartments/townhouses can be easier to maintain but include strata costs.

• Look for proximity to employment hubs, transport, schools, and shopping.

In Newcastle and the Hunter, suburbs such as Mayfield, Wallsend, North Lambton, Waratah and Broadmeadow continue to attract strong tenant demand. Ask our team which areas and property types are performing now.

4. Get compliance right—before you lease

NSW rental laws change regularly. Here’s some of the things you must have sorted before your first tenant moves in:

• Smoke alarms – Landlords must ensure working smoke alarms at all times. Property managers arrange annual checks and document compliance.
• Water efficiency – You can only charge tenants for water usage if the property is separately metered and meets water‑efficiency standards (including minimum WELS ratings). If your property uses sub‑metering or older fittings, we can arrange upgrades.
• Minimum standards – Properties must meet NSW minimum housing standards for health and safety (e.g., locks, ventilation, structural soundness).

5. Select the right property manager

This is where Vivien Rendina, Business Development Manager at MOVABLE, says many first‑time investors go wrong:

“A great property manager doesn’t just collect rent—they protect your asset and maximise your return. The wrong one can cost you thousands.”

When you’re interviewing agencies, ask:

• How many properties does each manager handle?

• How quickly do you lease new properties?

• What’s your arrears and vacancy rate?

• How do you communicate with owners?

MOVABLE’s property management team is hands‑on, Newcastle and Hunter region based and focused on minimising vacancies, selecting quality tenants, and keeping your property fully compliant.

6. Get tenant‑ready

Your property manager will:

• Arrange professional photos and advertising

• Set a competitive rent based on current market data

• Screen applications thoroughly (employment, references, rental history)

• Prepare leases and bond lodgements

We also keep you updated on rental law changes—including new NSW 2025 reforms on rent increases, termination grounds, and pet applications.

7. Keep growing

The first property is the hardest. Once you’re comfortable with the process, you’ll be in a better position to scale your portfolio. A MOVABLE property manager can help you identify opportunities and work with your accountant to plan your next move.

Ready to get started?

Your first investment property is a big milestone. Having the right property management team ensures your asset is protected from day one.

👉 Book a free rental appraisal or investor strategy call with Vivien Rendina today.

Enquire here or contact Vivien directly:

vivienrendina@movable.com.au

0425 302 776

Why choose MOVABLE Property Management?

• Our property managers have a minimum of 5 years industry experience, ensuring you receive knowledgeable, reliable, and expert service at every stage
• Fully licensed and backed by formal industry accreditation, ensuring you are supported by qualified, trusted professionals at every stage of your investment journey.
• Our Senior Property Managers take complete ownership of your investment from tenant selection and routine inspections to maintenance and day-to-day management, ensuring a seamless, personalised experience without being passed from person to person.
• We invest in multiple specialised platforms to ensure you receive the best possible experience, with a seamless and highly efficient service tailored to your needs.

If you have any questions, please don’t hesitate to reach out!

Always A Good Move.

Vivien Rendina | Business Development | 0425 302 776

Contact Vivien now and start your journey to smarter investment solutions with MOVABLE.