$815K
$153,770
"Positioned right on the Esplanade overlooking the bay this 3 bedroom home is solidly built in besser block and is on a 607 m2 block so there is plenty of yard space and provides good scope for extending the current dwelling if required. Sit out the front and enjoy the peaceful surroundings with a lovely outlook over the bay and with a location like this one it captures all the seabreeze This one offers loads of potential so contact the marketing agents to arrange your inspection to truly appreciate this property. 3 Bedrooms with 1 bathroom Open plan living area Solid besser block construction Magnificent water views over the bay Peaceful residential setting Great tenants in place Loads of future potential with positions like this one"
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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
-
79.5%
$710K
3.9%
-$115,000
-$25,599
2.5%
1.8%
-17.0%
6.0%
Asking Price
$815,000
Estimated Purchase Price
$875,000
Stamp Duty
$32,400
Transfer Fee
$3,173
Conveyancing
$1,665
Deposit (10%)
$87,500
Reg. Mortgage
$224
LMI Premium
$24,708
Renovation Costs
-
Total Cash/Equity Required
$150,221
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,404
$22,489
Interest Repayments
$51,975
$51,975
Net Cashflow Before Tax
-$36,571
-$29,486
Depreciation
-
-
Tax Offset
-$10,971
-$8,846
Net Cashflow After Tax
-$25,599
-$20,640
Assumptions
Year 1
Year 10
Property Value
6.8%
$811,680
$1,467,324
Loan Balance
I.O
$787,500
$787,500
$24,180
$679,824
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