$770K
$112,351
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Try Picki for FREEConfidence
High
High
$810,000
Medium
$770,000
Low
$730,000
Confidence
Medium
$650/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
84.1%
Median Street Sold Price
$1.14M
Median Street Rental Yield
161.4%
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Property
Very Good
Street
Very Good
Suburb
Average
Overall
Average
Under Market Value
$95,000
Net Cashflow PA
-$9,472
Gross Yield
5.0%
Purchase Costs
Asking Price
$770,000
Estimated Purchase Price
$675,000
Stamp Duty
$25,110
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$67,500
Reg. Mortgage
$164
LMI Premium
$17,381
Renovation Costs
-
Total Cash/Equity Required
$112,351
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Expenses
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,257
$1,640
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
$26,563
$38,357
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$13,532
-$1,738
Depreciation
-
-
Tax Offset
-$4,059
-$521
Net Cashflow After Tax
-$9,472
-$1,216
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Liabilities
Loan Balance
I.O
$607,500
$607,500
Net Equity
$214,860
$879,131
Property Inspection Report
Property Overview
This modern three-year-old home features three bedrooms and two bathrooms, designed for easy living. Located at 6 Woopi Drive, the property enjoys natural light due to its north-facing position. The open-plan layout includes a spacious living and dining area, and a functional kitchen with modern appliances. The master bedroom comes with an ensuite and walk-in wardrobe. The outdoor area is a versatile space ready for customization, allowing for gardening or enhanced privacy options. Proximity to Woolgoolga’s beaches and amenities makes it ideal for those who appreciate convenience and lifestyle, with a land size of 599.7 sqm and no need for major renovations.
Inspection Checklist
- Check the quality and condition of modern kitchen appliances.
- Verify the size and layout of the walk-in wardrobe in the master bedroom.
- Assess the level of natural light during different times of day.
- Inspect the proposed outdoor area and potential for development.
- Confirm the build quality and any signs of wear despite age.
- Investigate local amenities and travel times to key locations.
- Review details and costs regarding the installation of a retaining wall.
- Check for any strata or community housing regulations or fees.
- Research potential zoning and future development in the area.
Questions for Agent
- Can you provide more details on the appliances included in the kitchen?
- Could you explain the development possibilities for the outdoor area?
- Are there plans for any local infrastructure or developments nearby?
- What can you tell me about the neighborhood and community feel?
- Is there a reason for the property’s current sale?
- Are there any known issues with the house or need for repairs?
- Can you give clarity on Council Rates anomalies over the next few years?
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Location Opportunity
City of Coffs Harbour statistics
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.
78,759
2021 Population
31
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
income growth
Very High
Average Income
COMMUTE TIME
201mins
106kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.7%
projected
for 2025 to 2027
High
Su
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1.3%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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