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$285K
$46,486
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Try Picki for FREEConfidence
Medium
High
$320,000
Medium
$285,000
Low
$250,000
Confidence
Low
This property is a gently sloping 1656m2 allotment, offering a near level home site with a leafy outlook. Located just a short drive from Macksville and pristine beaches, it's an accessible plot with mains power connectivity. The land provides easy access to the M1 motorway, though requires tank water at the construction stage. The site promises an excellent opportunity for slab on ground construction and is expected to be registered by early 2025.
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Construction - 13.0%
Retail Trade - 11.0%
Accommodation and Food Services - 10.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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
0%
84.5%
$635K
3.8%
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Try Picki for FREE-$15,000
-$15,570
-
Asking Price
$285,000
Estimated Purchase Price
$300,000
Stamp Duty
$8,745
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$30,000
Reg. Mortgage
$164
LMI Premium
$4,629
Renovation Costs
-
Total Cash/Equity Required
$45,734
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,423
-$5,771
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$22,243
-$23,591
Depreciation
-
-
Tax Offset
-$6,673
-$7,077
Net Cashflow After Tax
-$15,570
-$16,514
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$304,380
$550,247
Loan Balance
I.O
$270,000
$270,000
$34,380
$280,247
