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$1.98M
$347,349
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Low
Welcome to Mayleigh East, a stunning 162-acre property at 4948 Waterfall Way, Dorrigo. This property features an expansive 5-bedroom homestead and a newly renovated 2-bedroom cottage. Just a short 7-minute drive to Dorrigo, it's perfectly situated on a plateau overlooking breathtaking countryside. The main house offers 3 bathrooms, multiple living areas, and cozy amenities like a fireplace and air conditioning. The cottage boasts built-in wardrobes and a brand new kitchen. The property is currently used for grazing cattle, with ample water supply from a spring-fed dam and rainwater storage. The region is famous for its vibrant soil and clean mountain air, making it an ideal choice for a permanent farm, weekend retreat, or an Airbnb venture. With extensive shedding and infrastructure, Mayleigh East is poised for various uses.
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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 - 15.0%
Accommodation and Food Services - 10.0%
Retail Trade - 10.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 56.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
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%
78.5%
$795K
2.9%
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Try Picki for FREE$25,000
-$44,986
3.2%
Asking Price
$1,975,000
Estimated Purchase Price
$1,975,000
Stamp Duty
$91,680
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$197,500
Reg. Mortgage
$164
LMI Premium
$55,809
Renovation Costs
-
Total Cash/Equity Required
$347,349
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,169
$1,525
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
$53,049
$76,044
Interest Repayments
$117,315
$117,315
Net Cashflow Before Tax
-$64,266
-$41,271
Depreciation
-
-
Tax Offset
-$19,280
-$12,381
Net Cashflow After Tax
-$44,986
-$28,889
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$1,777,500
$1,777,500
$358,500
$2,083,880
