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$450K
$78,751
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium to High
High
$370,000
Medium
$350,000
Low
$330,000
Confidence
Medium to High
Experience comfort and convenience in this charming 2-bedroom home, built in 2000. Freshly painted with new carpets, the property features an open-plan design connecting a spacious kitchen, dining, and lounge area. Located in the tranquil Ocean Breeze community in Redhead, it offers easy access to shopping, cafes, beaches, Lake Macquarie, and public transport. Enjoy the benefits of a community clubhouse and swimming pools. This low maintenance home also includes air conditioning, solar power, tinting on bay windows, and a large front veranda, providing the perfect blend of modern living in a serene setting.
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86.1%
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-
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-$1,085
7.4%
Asking Price
-
Estimated Purchase Price
$350,000
Stamp Duty
$10,495
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$35,000
Reg. Mortgage
$164
LMI Premium
$6,987
Renovation Costs
-
Total Cash/Equity Required
$54,842
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,381
$1,802
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
$19,240
$27,949
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$1,550
$7,159
Depreciation
-
-
Tax Offset
-$465
$2,148
Net Cashflow After Tax
-$1,085
$5,011
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Year 1
Year 10
Property Value
6.8%
$373,800
$675,741
Loan Balance
I.O
$315,000
$315,000
$58,800
$360,741
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
