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$750K
$125,158
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$770,000
Medium
$725,000
Low
$680,000
Confidence
Not applicable
The Cove in Newcastle offers a serene community for those over 55, located near Port Stephens. Featuring a spacious two-bedroom Waratah residence, this semidetached home promises independent living with its single-level design, high ceilings, and climate-controlled comfort. Enjoy the open-plan layout with a Caesarstone kitchen and accessible bathroom. Residents relish the 5-star amenities this gated community offers, including a tennis court, bowling green, and indoor pool. This pet-friendly locale is close to both natural beauty and city convenience, with no exit fees, making it an inviting option for downsizers.
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99%
-
-
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Try Picki for FREE-$25,000
-$34,277
-
Asking Price
$750,000
Estimated Purchase Price
$750,000
Stamp Duty
$28,485
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$75,000
Reg. Mortgage
$164
LMI Premium
$19,313
Renovation Costs
-
Total Cash/Equity Required
$125,158
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,040
$1,357
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
-$4,417
-$5,763
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$48,967
-$50,313
Depreciation
-
-
Tax Offset
-$14,690
-$15,094
Net Cashflow After Tax
-$34,277
-$35,219
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$675,000
$675,000
$99,300
$724,750
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
Public Administration and Safety - 15.0%
Manufacturing - 12.0%
Retail Trade - 10.0%
Accommodation and Food Services - 9.0%
Others - 54.0%
Average Income
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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.
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
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