$1.2M
$181,505
Confidence
High
High
$950,000
Medium
$870,000
Low
$790,000
Confidence
Medium
"Nestled between Elizabeth Beach and Wallis Lake with the sanctuary of the Booti Booti National Park to the north, Mimosa is a delightful, quintessential beachhouse. Blessed with a sprawling, elevated, yet near level 974sqm block, here is a location that enjoys sunrises and sunsets all year round. Vintage character throughout highlighted by separate living areas and hardwood timber floors Three bedrooms are accompanied by two bathrooms and an oversized double garage Generous timber kitchen includes stainless dishwasher, oven and electric cook top Relax, unwind or entertain on the expansive front and rear decks Meander down the hill to the famed Recky for great live music and sunset dining drinks Easy walk or bike ride to Palms Surf Club and of course the idyllic Shelly Beach Long term holiday rental property with the option to buy as a going concern with all furnishings Well maintained and very much loved for over 20 years theres not many left like Mimosa All information contained herein is gathered from sources we consider to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries. Please note that dronelocationlifestyle images have been used in this advertisement."
-
79.4%
$1.42M
2.4%
-$240,000
-$28,572
2.9%
2.3%
-15.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,200,000
Estimated Purchase Price
$1,110,000
Stamp Duty
$44,685
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$111,000
Reg. Mortgage
$164
LMI Premium
$28,583
Renovation Costs
-
Total Cash/Equity Required
$186,628
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,240
$45,888
Property Management
+7.7% PA
$2,482
$3,533
Rates
+3.0% PA
$1,263
$1,648
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
$25,118
$36,300
Interest Repayments
$65,934
$65,934
Net Cashflow Before Tax
-$40,816
-$29,634
Depreciation
-
-
Tax Offset
-$12,245
-$8,890
Net Cashflow After Tax
-$28,572
-$20,744
Assumptions
Year 1
Year 10
Property Value
6.8%
$929,160
$1,679,700
Loan Balance
I.O
$999,000
$999,000
-$69,840
$680,700
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 49.0%
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