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$1.05M
$159,308
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$1,060,000
Medium
$950,000
Low
$840,000
Confidence
Not Found
This 658sqm vacant land is your chance to manifest your vision. Positioned high to capture sweeping water views and breezes, it's set in a coastal suburb close to surf and calm beaches. Ideal for a family home or duplex, it boasts a generous frontage. Just a stroll to Caves Beach and near a major city center, it's conveniently located 45 minutes from Newcastle, 1 hour from Wine Country, and 90 minutes from Sydney.
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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%
Construction - 9.0%
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 2024 to 2026
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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
0%
81.9%
$1.24M
3.2%
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Try Picki for FREE-$40,000
-$44,495
-
Asking Price
$1,050,000
Estimated Purchase Price
$990,000
Stamp Duty
$39,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$99,000
Reg. Mortgage
$164
LMI Premium
$25,493
Renovation Costs
-
Total Cash/Equity Required
$166,138
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,381
$1,802
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
-$4,758
-$6,208
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$63,564
-$65,014
Depreciation
-
-
Tax Offset
-$19,069
-$19,504
Net Cashflow After Tax
-$44,495
-$45,510
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$891,000
$891,000
$123,600
$943,155
