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$850K
$156,746
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$925,000
Medium
$875,000
Low
$825,000
Confidence
Medium
Experience the serene lifestyle in Red Rock, a picturesque beachside village that offers an ideal setting for swimming, fishing, and boating. Just a short drive away from Corindi and Woolgoolga, this extensively renovated beachside cottage combines charm with modern amenities. Freshly painted and updated with new flooring, it includes two bedrooms, a solid timber kitchen, and front and back decks. A large insulated shed presents potential for a studio conversion, subject to council approval. Enjoy sustainable living with a solar power system and ample water tanks, while staying secure with a 4-camera monitoring system. Don't miss this unique opportunity to own a piece of sought-after Red Rock real estate.
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68.9%
$1.03M
3.6%
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Try Picki for FREE-$65,000
-$27,210
2.5%
Asking Price
$875,000
Estimated Purchase Price
$940,000
Stamp Duty
$37,035
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$94,000
Reg. Mortgage
$164
LMI Premium
$24,205
Renovation Costs
-
Total Cash/Equity Required
$157,600
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,964
$24,695
Interest Repayments
$55,836
$55,836
Net Cashflow Before Tax
-$38,872
-$31,141
Depreciation
-
-
Tax Offset
-$11,662
-$9,342
Net Cashflow After Tax
-$27,210
-$21,799
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$846,000
$846,000
$88,500
$843,354
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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 - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
