$935K
$172,968
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This is an exciting opportunity to join a prestigious over-50s lifestyle village in the beautiful suburb of Redhead. Oasis Communities offers a refined resort-style experience in a beachside setting. The property boasts a thoughtfully planned Harbour layout, ideal for entertainers, featuring a gourmet kitchen that leads seamlessly to the dining and alfresco areas. It includes two bedrooms, a master suite for privacy, and a multipurpose room, offering flexibility for a third bedroom or office. Residents enjoy modern conveniences such as a separate laundry and ducted airconditioning, all within close proximity to Redhead Beach and the vibrant city of Newcastle. With an emphasis on community living, this property promises a golden lifestyle for its new residents.
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Try Picki for FREE-$105,000
-$20,425
3.8%
Asking Price
$935,000
Estimated Purchase Price
$1,005,000
Stamp Duty
$39,960
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$100,500
Reg. Mortgage
$164
LMI Premium
$25,879
Renovation Costs
-
Total Cash/Equity Required
$168,699
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$38,220
$54,399
Property Management
+7.7% PA
$2,943
$4,189
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
$30,519
$44,002
Interest Repayments
$59,697
$59,697
Net Cashflow Before Tax
-$29,178
-$15,695
Depreciation
-
-
Tax Offset
-$8,753
-$4,708
Net Cashflow After Tax
-$20,425
-$10,986
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$904,500
$904,500
$56,700
$833,121
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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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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