$618K
$86,175
"Nows the chance to live the tree change dream with the asking price slashed to 617,500. Close to the coast, reduced to sell. The owner of this delightful rural lifestyle package has had a change in circumstances so has drastically reduced the asking price to meet the market and sell. Take a look at all the features of this fantastic package. 1.95 hectares located in a quiet rural residential culdesac with town water connected Large prefabbed building with filly council approved 1 bedroom dwelling, attached garage, workshop and storage. Massive dam, huge levelled building site with council consent for second dwelling Established fruit trees and miles of room for gardens and pets. 5 minutes to town, 12 minutes to crescent head village and beaches DISCLAIMER The information provided has been furnished to us by the vendors. We have not verified whether or not that information is accurate and do not have any belief in one way or the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than to pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate. Property Code 1557"
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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%
-
-
$50,000
-$11,758
4.1%
3.0%
-12.4%
6.0%
Asking Price
$617,500
Estimated Purchase Price
$570,000
Stamp Duty
$20,385
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$57,000
Reg. Mortgage
$164
LMI Premium
$14,678
Renovation Costs
-
Total Cash/Equity Required
$94,422
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$17,061
$24,821
Interest Repayments
$33,858
$33,858
Net Cashflow Before Tax
-$16,797
-$9,037
Depreciation
-
-
Tax Offset
-$5,039
-$2,711
Net Cashflow After Tax
-$11,758
-$6,326
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$513,000
$513,000
$149,160
$684,028
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