The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
Withheld
$2,215
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$800,000
Medium
$720,000
Low
$640,000
Confidence
Medium
Explore a unique dual-residence property on Macleay Island, tailored for art enthusiasts and island lifestyle seekers. With scenic water views and quirky artistic touches, the main house boasts rustic timber features, stained-glass windows, and comprises two levels perfect for dual living or income potential. The waterfront house offers a cozy ambiance with a fireplace, spacious kitchen, and panoramic views ideal for relaxation. The property spans 701 square meters and promises endless recreational activities such as boating and fishing. Enjoy quick 17-minute ferry access to the mainland and immerse yourself in a vibrant island community with modern amenities.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
65.9%
$365K
6.7%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE$55,000
-$12,847
4.3%
Asking Price
$720,000
Estimated Purchase Price
$665,000
Stamp Duty
$22,950
Transfer Fee
$2,289
Conveyancing
$1,665
Deposit (10%)
$66,500
Reg. Mortgage
$224
LMI Premium
$18,778
Renovation Costs
-
Total Cash/Equity Required
$112,956
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,149
$30,724
Interest Repayments
$39,501
$39,501
Net Cashflow Before Tax
-$18,352
-$8,777
Depreciation
-
-
Tax Offset
-$5,506
-$2,633
Net Cashflow After Tax
-$12,847
-$6,144
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$598,500
$598,500
$170,460
$791,597
Below are some similar properties in the area you may be interested in.
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%
Construction - 10.0%
Education and Training - 10.0%
Others - 51.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
