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$748K
$111,181
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$820,000
Medium
$748,000
Low
$680,000
Confidence
Medium
Discover a versatile property opportunity on Macleay Island. This offering boasts a well-maintained four-bedroom, two-bathroom home on a sizable plot divided across two titles. The elevated, double-storey house includes an elegant open-plan living area with scenic views and multiple entertainment spaces. Benefiting from a quiet cul-de-sac location, it's just a walk away from the island’s village and jetty. Additional features include solar panels, a double lock-up garage, vege gardens, and a chicken coop.
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Try Picki for FREELocation, 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%
Construction - 10.0%
Education and Training - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
Below are some similar properties in the area you may be interested in.
0%
71.3%
$320K
7.7%
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Try Picki for FREE$60,000
-$12,206
4.5%
Asking Price
$748,000
Estimated Purchase Price
$690,000
Stamp Duty
$24,075
Transfer Fee
$2,373
Conveyancing
$1,665
Deposit (10%)
$69,000
Reg. Mortgage
$224
LMI Premium
$19,484
Renovation Costs
-
Total Cash/Equity Required
$117,371
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,598
$2,085
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
$23,549
$34,139
Interest Repayments
$40,986
$40,986
Net Cashflow Before Tax
-$17,437
-$6,847
Depreciation
-
-
Tax Offset
-$5,231
-$2,054
Net Cashflow After Tax
-$12,206
-$4,793
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$621,000
$621,000
$180,000
$827,017
