$1.3M
-
Confidence
High
High
$1,850,000
Medium
$1,725,000
Low
$1,600,000
Confidence
Medium
"Set on 784sqm of R3 Medium density land in total, these two apartments are being offered in one line. Perfect for further development in a prime elevated position in sought after East Ballina. Demolish and rebuild into larger apartment complex STCA Rare to secure development site in prized position Capitalise on the highly soughtafter growing location 4 minutes walk to beaches and cafes 5 minutes drive into Ballina CBD for shopping airport 35 minutes drive to Byron Bay"
-
35.1%
$2.1M
1.6%
$25,000
-$51,959
2.0%
1.6%
-17.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,700,000
Stamp Duty
$76,555
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$170,000
Reg. Mortgage
$164
LMI Premium
$48,038
Renovation Costs
-
Total Cash/Equity Required
$296,953
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
$1,067
$1,392
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
$26,753
$38,605
Interest Repayments
$100,980
$100,980
Net Cashflow Before Tax
-$74,227
-$62,375
Depreciation
-
-
Tax Offset
-$22,268
-$18,712
Net Cashflow After Tax
-$51,959
-$43,662
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,842,300
$3,330,440
Loan Balance
I.O
$1,530,000
$1,530,000
$312,300
$1,800,440
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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 - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price