$1.15M
$173,821
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High
High
$1,150,000
Medium
$1,100,000
Low
$1,050,000
Confidence
Medium
$750/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
73%
Median Street Sold Price
$988K
Median Street Rental Yield
3.1%
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Property
Very Good
Street
Average
Suburb
Good
Overall
Good
Under Market Value
$35,000
Net Cashflow PA
-$22,329
Gross Yield
3.7%
Purchase Costs
Asking Price
$1,150,000
Estimated Purchase Price
$1,065,000
Stamp Duty
$42,660
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$106,500
Reg. Mortgage
$164
LMI Premium
$27,424
Renovation Costs
-
Total Cash/Equity Required
$178,944
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Expenses
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,257
$1,640
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
$31,363
$45,189
Interest Repayments
$63,261
$63,261
Net Cashflow Before Tax
-$31,898
-$18,072
Depreciation
-
-
Tax Offset
-$9,569
-$5,422
Net Cashflow After Tax
-$22,329
-$12,651
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Liabilities
Loan Balance
I.O
$958,500
$958,500
Net Equity
$216,300
$1,165,259
Property Inspection Report
Property Overview
Discover your dream family home nestled in the picturesque Emerald Beach. This stunning four-bedroom, three-bathroom residence combines country charm with modern comforts. Timber floors flow through spacious living areas, while plush carpets add warmth to the bedrooms. Enjoy the main bedroom's walk-in wardrobe and ensuite. An open plan design maximizes space and light, complemented by ceiling fans and double doors for fresh breezes. Entertain effortlessly with a well-equipped kitchen featuring a gas stove, dishwasher, walk-in pantry, and ample bench space. Relax on the wrap-around deck, explore the tropical garden oasis, or unwind by the in-ground pool and cozy fireplace. Situated close to beaches, cafes, and more, this property offers a perfect blend of luxury and practicality.
Inspection Checklist
- Check the condition and age of the timber floors and carpets in all areas.
- Inspect the functionality and condition of all built-in wardrobes.
- Examine the operation of ceiling fans and air flow through the property.
- Assess the quality and installation of the kitchen appliances (gas stove, dishwasher).
- Inspect the walk-in pantry and kitchen storage for any signs of wear or damage.
- Examine the structure and safety of the wrap-around deck.
- Check the pool for cleanliness, maintenance history, and any visible issues.
- Inspect the fireplace for safety and functionality.
- Check the garden and outdoor areas for maintenance needs and pest infestations.
- Verify the location and condition of the laundry facilities.
- Assess the additional toilet and vanity in the storeroom for functionality.
- Evaluate the overall property condition and any necessary repairs or updates.
Questions for Agent
- Can you provide information about the age of the property and recent renovations?
- What is the history of maintenance and any major repairs undertaken?
- How energy efficient is the home, and are there any insulation or heating updates?
- Are there any concerns or upcoming assessments related to the pool?
- Could you provide details about the neighborhood and local amenities?
- Are there any restrictions on property modifications or external enhancements?
- Is there a building and pest inspection report available for review?
- Can you provide estimates on the typical utility costs for this property?
- What are the terms for the sale, including any homeowner association fees?
- Are there any known issues with the home, such as plumbing or electrical?
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Location Opportunity
City of Coffs Harbour statistics
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.
78,759
2021 Population
31
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
income growth
Very High
Average Income
COMMUTE TIME
201mins
106kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.7%
projected
for 2025 to 2027
High
Su
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1.3%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Very Good
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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