$1.2M
$176,383
"WWW.RURALSALES.COM.AU ID 3122 A rare 100 acre parcel of land close to the golden sands of Crescent Head An abundance of wild life a mixture of grazing and wetlands sloping up to an elevated homesite which would be the perfect setting for eco tourism, resort style living maybe air BNB or farm stay Council road frontage and daily mail and only a short drive to the beach, Convenience stores a tavern golf club and a great selection of restaurants Total privacy is a real feature to this property with a stunning coastal vista out to the Smoky Cape light house of South West Rocks Not to mention those amazing sunrises and afternoon sunsets, which can be enjoyed all year round as we live in the most comfortable and moderate climate in this country and possibly the world DISCLAIMER This information has been obtained from our Vendors. We make no representations to its accuracy. All computer images, maps and photographs are indicative only. We are merely passing the information on. Interested parties should make their own enquiries"
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 52.0%
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
-
85.9%
-
-
-$240,000
-$26,677
3.0%
2.3%
-15.1%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,050,000
Stamp Duty
$41,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$105,000
Reg. Mortgage
$164
LMI Premium
$27,038
Renovation Costs
-
Total Cash/Equity Required
$176,383
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,160
$1,514
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
$24,261
$35,068
Interest Repayments
$62,370
$62,370
Net Cashflow Before Tax
-$38,109
-$27,302
Depreciation
-
-
Tax Offset
-$11,433
-$8,191
Net Cashflow After Tax
-$26,677
-$19,111
Assumptions
Year 1
Year 10
Property Value
6.8%
$865,080
$1,563,859
Loan Balance
I.O
$945,000
$945,000
-$79,920
$618,859
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