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$3M
$524,193
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Try Picki for FREEConfidence
High
High
$3,000,000
Medium
$2,900,000
Low
$2,800,000
Confidence
Medium
Transform your lifestyle with this prime beachfront reserve property offering panoramic, never-to-be-built-out views. Set on a 708sqm block, this rare East-facing location provides a unique opportunity to craft your dream coastal home. Enjoy dual frontage with direct access to the beach, and a tranquil backdrop facing Ettalong Creek—a protected waterway perfect for family recreation. Currently, the site hosts a quaint 1960s 3-bedroom house ready for redevelopment. The property, tenanted at $695 per week, sits just minutes from the vibrant town center and offers easy access to Sydney within an hour's drive.
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Try Picki for FREELocation, 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 - 9.0%
Construction - 8.0%
Others - 52.0%
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
Below are some similar properties in the area you may be interested in.
0%
67.2%
$1.19M
3.1%
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Try Picki for FREE-$55,000
-$104,155
1.1%
Asking Price
$3,000,000
Estimated Purchase Price
$2,955,000
Stamp Duty
$145,580
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$295,500
Reg. Mortgage
$164
LMI Premium
$83,502
Renovation Costs
-
Total Cash/Equity Required
$526,942
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,086
$1,417
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
$26,734
$38,580
Interest Repayments
$175,527
$175,527
Net Cashflow Before Tax
-$148,793
-$136,947
Depreciation
-
-
Tax Offset
-$44,638
-$41,084
Net Cashflow After Tax
-$104,155
-$95,863
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$3,097,200
$5,599,001
Loan Balance
I.O
$2,659,500
$2,659,500
$437,700
$2,939,501
