$3.5M
$696,132
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Try Picki for FREEConfidence
High
High
$3,800,000
Medium
$3,500,000
Low
$3,200,000
Confidence
N/A
-
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
73.5%
Median Street Sold Price
$1.1M
Median Street Rental Yield
2.6%
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Property
Very Good
Street
Very Good
Suburb
Average
Overall
Good
Under Market Value
-$465,000
Net Cashflow PA
-$119,328
Gross Yield
1.7%
Purchase Costs
Asking Price
$3,500,000
Estimated Purchase Price
$3,765,000
Stamp Duty
$194,030
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$376,500
Reg. Mortgage
$164
LMI Premium
$106,391
Renovation Costs
-
Total Cash/Equity Required
$679,281
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Expenses
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,046
$1,365
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
$53,172
$76,205
Interest Repayments
$223,641
$223,641
Net Cashflow Before Tax
-$170,469
-$147,436
Depreciation
-
-
Tax Offset
-$51,141
-$44,231
Net Cashflow After Tax
-$119,328
-$103,205
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$3,524,400
$6,371,277
Liabilities
Loan Balance
I.O
$3,388,500
$3,388,500
Net Equity
$135,900
$2,982,777
Property Inspection Report
Property Overview
Perched on the headlands of Scotts Head, this stunning property offers breathtaking panoramic ocean views. With nearly 500m2 of luxurious space, it features a main dwelling with three bedrooms, each with a spa ensuite, and a separate one-bedroom apartment, perfect for guests or rental income. The home's standout design mimics the waves, providing beauty and functionality with wind resistance and thermal efficiency. Its proximity to the beach allows for endless activities, making it a superb full-time residence or a smart investment.
Inspection Checklist
- Verify the actual total floor space of the main dwelling and apartment.
- Examine the condition and quality of ensuite bathrooms and spa baths.
- Assess the maintenance and durability of wide windows and their frames.
- Inspect the terrace and outdoor spaces for structural integrity and safety.
- Evaluate overall water drainage and thermal efficiency due to architectural design.
- Check the condition of appliances and fixtures in both the main dwelling and the apartment.
- Investigate the history of the property regarding previous storm or weather damage.
- Verify zoning laws for possible rental usage of the apartment.
- Review any potential restrictions on local coastal activities (e.g., fishing, surfing).
Questions for Agent
- Can you confirm the total square footage of the main house and the separate apartment?
- Are there any recent renovations or fixes done to the property?
- What is the history of weather-related damages, if any?
- Are there community regulations regarding renting out the apartment?
- How often do the marine life like dolphins and whales appear?
- Is the terrace area subject to local council regulations or restrictions?
- What are the local amenities and their distances from the property?
- Can you provide any insights into the property's utility costs regarding thermal efficiency?
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Location Opportunity
Area of Nambucca statistics
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.
20,407
2021 Population
35
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 17.0%
Construction - 13.0%
Retail Trade - 11.0%
Accommodation and Food Services - 10.0%
Others - 49.0%
income growth
High
Average Income
COMMUTE TIME
142mins
73kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.9%
projected
for 2025 to 2027
Average
Su
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1.4%
Average
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Poor
Average Rental Yield
VACANCY RATE
Very Good
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Excellent
Average Population
Pricing
Sold Price
Asking Price
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