$1.05M
$197,208
Confidence
Medium
High
$1,500,000
Medium
$1,420,000
Low
$1,200,000
Confidence
Medium
"Superbly positioned to enjoy the best that East Ballina has to offer, this wellappointed family home offers a choice of spacious living areas and features a sapphireblue pool set amongst the generous backyard. Supremely convenient, the home is close to local shops, cafes, schools and a choice of scenic beaches. Generous 656m2 block overlooks parkland, perfect for the kids to play Prime position close to the golf course and East Ballina shopping centre Enjoy a selection of sunlit living areas, including a gardenview sunroom Contemporary kitchen with servery window makes alfresco dining a breeze Sit back and admire the gardens from the large covered timber deck With plenty of room for kids and pets, the garden features a sparkling pool Three goodsized bedrooms, spacious main features twoway ensuite Garden shed, drivethrough garage allows for backyard boattrailer parking Close to The Serpentine, Shaws Bay, North Wall and Lighthouse Beach Terrific opportunity for families, first home buyers or astute investors"
-
72%
$1.06M
3.6%
$20,000
-$37,805
2.6%
2.1%
-15.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,400,000
Stamp Duty
$60,055
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$140,000
Reg. Mortgage
$164
LMI Premium
$39,561
Renovation Costs
-
Total Cash/Equity Required
$241,976
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,067
$1,392
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$29,153
$42,021
Interest Repayments
$83,160
$83,160
Net Cashflow Before Tax
-$54,007
-$41,139
Depreciation
-
-
Tax Offset
-$16,202
-$12,342
Net Cashflow After Tax
-$37,805
-$28,797
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,516,560
$2,741,580
Loan Balance
I.O
$1,260,000
$1,260,000
$256,560
$1,481,580
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price