$2.8M
$467,092
"This very substantial waterfront residence is situated on the Broadwater and very close to the Pumicestone Passage entry. Offering long wide panoramic water views in all directions, this architecurally designed home built in 1999 has had many upgrades since including a new colorbond roof and 11 kw solar panel system and solar hot water plus additional hot water tank. Huge formal and informal living areas and a spectacular fully enclosed indooroutdoor entertaining area with kitchen and built in bar featuring 3 tap kegerator and gas cooktop. The bar services indoorsoutdoors and poolside. Also featuring a seperate media room, super spacious work from home study, 9 ceilings volumes of storage and 3 car garage. This is a prime Banksia Beach position and close to schools, transport and local shopping centre. The upstairs master suite is of enormous proportions and features a fire place and spa bath and leads onto a Juliet balcony. For the boaties there is a 12 metre pontoon with live bait tank and a seperate floating jet ski dock. Just so many features to this magnificent property that only an inspection will give you the full appreciation of what is on offer here. An encompassed summary is Four kingsize bedrooms two ensuites Super size study Three kitchens insideoutsidetop level Three car garaging Four bathrooms Formal lounge and master bedroom both with a fireplace Media Room air conditioned 9 ceilings throughout Magnificent indooroutdoor entertaining areas Full security system with 11 cameras Sparkling salt water pool in very low maintenance grounds 12 metre pontoon with security cameras and jet ski dock Long wide broadwater and marina views Caravan hard stand position Oh so close to the Passage entry Approx 460 m2 of residence on a 802 m2 block Prime Prime Position So many features to explore that only an inspection will reveal."
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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
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
76%
$790K
4.8%
$65,000
-$67,136
2.6%
2.2%
-14.0%
6.0%
Asking Price
$2,795,000
Estimated Purchase Price
$2,585,000
Stamp Duty
$129,163
Transfer Fee
$10,378
Conveyancing
$1,665
Deposit (10%)
$258,500
Reg. Mortgage
$224
LMI Premium
$80,102
Renovation Costs
-
Total Cash/Equity Required
$480,581
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$67,600
$96,216
Property Management
+7.7% PA
$5,205
$7,409
Rates
+3.0% PA
$1,103
$1,439
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$57,641
$82,604
Interest Repayments
$153,549
$153,549
Net Cashflow Before Tax
-$95,908
-$70,945
Depreciation
-
-
Tax Offset
-$28,772
-$21,283
Net Cashflow After Tax
-$67,136
-$49,661
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,830,200
$5,116,328
Loan Balance
I.O
$2,326,500
$2,326,500
$503,700
$2,789,828
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