Put simply, an ideal city base or investment positioned within the Quest

Positioned in the heart of Newcastle West’s thriving CBD fringe, Apartment 57 at 575 Hunter Street presents a compelling, set-and-forget investment opportunity. The current lease with The Quest Apartments is finishing in March 2026, and will open up a plethora of options for the next owners.

Located on the seventh floor, this well-designed two-bedroom apartment offers strong rental appeal and excellent income potential. With estimated returns of $770 – $790 per week, the property delivers attractive cash flow in the thriving city of Newcastle.

The layout is ideally suited to both long-term and short-stay leasing, featuring two well-separated bedrooms, including a main bedroom with private ensuite and balcony, plus a second full bathroom and separate internal laundry. The open-plan living and dining zone is light-filled and functional, while split-system air conditioning ensures year-round comfort for tenants.

As mentioned above, Investors also have the option of engaging with the serviced apartment model through The Quest, appealing to Newcastle’s growing corporate, medical, and executive accommodation market. With on-site amenities including an indoor pool, spa, and gym, the building continues to attract consistent tenant demand.

Investment Highlights:
– Estimated rental return: $770 – $790 per week on normal residential lease
– Serviced apartment potential (corporate / short-stay demand)
– Two-bedroom, two-bathroom configuration
– Seventh-floor position with city outlook
– Separate internal laundry – not European style
– Split-system air conditioning
– Access to indoor pool, spa, and gym facilities
– Flexible leasing pathway from March 2026 when The Quest lease expires.
– A strategic addition to any portfolio in one of Newcastle’s strongest performing inner-city precincts.

– Council Rates: Approx. $1,650 p/a
– Water Rates: Approx. $850 p/a + Usage
– Strata Levies: Approx. $5,550 p/a

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.