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$595K
$98,691
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$595,000
Low
$540,000
Confidence
Medium
This two-bedroom apartment in central Sawtell offers an ideal lifestyle or investment opportunity. Situated on the top floor with serene views of Middle Arm Creek, it features ceiling fans, carpeting, and an open-plan layout with a breakfast bar in the kitchen. The single car lockup garage comes with additional storage and a laundry area. Enjoy easy access to vibrant First Avenue with its cafes and beaches. A common lawn area provides a perfect spot for relaxation. With recent maintenance done on the building, it's a valuable choice for investors.
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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...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
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
0%
51.1%
$690K
4%
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-$7,154
5.4%
Asking Price
$595,000
Estimated Purchase Price
$595,000
Stamp Duty
$21,510
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$59,500
Reg. Mortgage
$164
LMI Premium
$15,321
Renovation Costs
-
Total Cash/Equity Required
$98,691
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
$1,257
$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
$25,124
$36,308
Interest Repayments
$35,343
$35,343
Net Cashflow Before Tax
-$10,219
$965
Depreciation
-
-
Tax Offset
-$3,066
$289
Net Cashflow After Tax
-$7,154
$675
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$535,500
$535,500
$99,960
$613,260
