34 Parkinson Ave
104 days on Market

34 Parkinson Ave,
Kewarra Beach, Qld

house
First listed on 03/10/2024
Property Overview
Bedrooms3
Bathrooms2
Car Spaces2
Current Asking Price

Withheld

Cash Required (10% Deposit)

$128,018

Agent

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Market Appraisal

Confidence

High

High

$830,000

Medium

$780,000

Low

$730,000

Appraised Rent

Confidence

Medium

$650/week

Original Listing

Street Statistics

Public Housing (%)

0%

Owner Occupiers (%)

71.5%

Median Street Sold Price

$680K

Median Street Rental Yield

5%

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Good

Suburb

Proj. Growth

Very Good

Overall

Investment

Very Good

Under Market Value

-

Net Cashflow PA

-$14,187

Gross Yield

4.3%

Purchase Costs

Asking Price

$780,000

Estimated Purchase Price

$780,000

Stamp Duty

$28,125

Transfer Fee

$2,752

Conveyancing

$1,665

Deposit (10%)

$78,000

Reg. Mortgage

$224

LMI Premium

$22,025

Renovation Costs

-

Total Cash/Equity Required

$133,342

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$33,800

$48,108

Expenses

Property Management

+7.7% PA

$2,603

$3,704

Rates

+3.0% PA

$1,482

$1,934

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

$26,064

$37,706

Interest Repayments

$46,332

$46,332

Net Cashflow Before Tax

-$20,268

-$8,626

Depreciation

-

-

Tax Offset

-$6,080

-$2,588

Net Cashflow After Tax

-$14,187

-$6,038

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$833,040

$1,505,938

Liabilities

Loan Balance

I.O

$702,000

$702,000

Net Equity

$131,040

$803,938

Property Inspection Report

Property Overview

Discover a charming home nestled in a serene, leafy neighborhood at Kewarra Beach. This residence sits on a spacious 818m2 block in a secure gated estate, providing a perfect blend of comfort and a coastal lifestyle. Featuring three bedrooms, two bathrooms, dual living areas, and a kitchen equipped with a brand-new Bosch cooktop and oven, this home is ideal for families. Enjoy outdoor living on the north-facing covered patio, with lush gardens that offer shade and privacy for the pool. With additional side access for a caravan or boat, low maintenance gardens, and abundant birdlife, it’s a peaceful retreat with easy access to schools, the beach, and shopping centers.

Inspection Checklist

  • Verify the condition of the new Bosch cooktop and oven.
  • Inspect the quality and stability of the new Colourbond fence.
  • Check the function and efficiency of split system air conditioners and ceiling fans.
  • Evaluate the pool's condition, including filtration system and safety measures.
  • Examine the state of rolldown blinds and security screens on windows.
  • Inspect the separate shower and bath for functionality and water pressure.
  • Assess the condition of the new hot water system.
  • Ensure there are no major repairs needed for the house's exterior and roofing.
  • Measure side access to confirm suitability for caravan or boat storage.
  • Evaluate noise levels from nearby traffic and neighbors.
  • Confirm the security features of the gated estate.
  • Check for any signs of pest infestation in gardens and surrounding area.

Questions for Agent

  • Can you provide details about the gated estate's security measures?
  • What is the age of the roof and when was it last inspected?
  • Are there any warranties or guarantees on the new appliances and installations?
  • Is there a history of pest issues in the area or in this property?
  • What are the average utility costs for the property?
  • Are there any planned developments or changes in the neighborhood?
  • Can you describe the noise levels experienced in the area, particularly from traffic or nearby events?
  • Are there any homeowners' association fees or community obligations?
  • What maintenance has been recently completed on the pool or the grounds?
  • Can you provide information on the local schools and amenities in the area?
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Location Opportunity

Cairns Region statistics

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.

166,943

2021 Population

65

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Very Diverse

Health Care and Social Assistance - 15.0%

Accommodation and Food Services - 11.0%

Retail Trade - 11.0%

Education and Training - 9.0%

Others - 54.0%

income growth
Average

Average Income

COMMUTE TIME

27mins

14kms

Very Good

Pr

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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.

Spent Per Capita

$14K
1

Queensland Government

A new manufacturing hub to support the growth of advanced manufacturing in Cairns

ManufacturingUnder construction
$30M
2

Rio Tinto

An expansion of the existing aluminium smelter to increase production capacity

ManufacturingConfirmed
$200M
3

Cairns Regional Council

A proposed food manufacturing precinct to support the growth of the food industry in Cairns

ManufacturingUnder consideration
$15M
4

Cairns Regional Council

The Cairns Water Security Project aims to improve the reliability and security of the water supply for the Cairns region

Energy, Electricity, Gas & WaterUnder construction
$120M
5

Stanwell Corporation

The Barron River Hydroelectric Power Station Upgrade will increase the generating capacity of the power station and improve its reliability

Energy, Electricity, Gas & WaterConfirmed
$50M
6

Jemena

The Cairns Gas Pipeline will provide a new source of natural gas for the Cairns region supporting economic growth and development

Energy, Electricity, Gas & WaterUnder consideration
$30M
7

Metro Mining Limited

The Cairns Bauxite Project is a bauxite mine located near Cairns Queensland The project is expected to produce 2 million tonnes of bauxite per annum

MiningUnder construction
$210M
8

Australian Bauxite Limited

The Skardon River Bauxite Project is a bauxite mine located near Cairns Queensland The project is expected to produce 15 million tonnes of bauxite per annum

MiningConfirmed
$120M
9

Rio Tinto

The Weipa Bauxite Mine Expansion is an expansion of the existing Weipa bauxite mine located near Cairns Queensland The project is expected to increase production by 10 million tonnes per annum

MiningUnder construction
$250M
10

Queensland Government

The expansion of the Cairns Convention Centre will increase the venues capacity and provide new facilities for conferences and events

Community & Other servicesUnder construction
$176M
11

Queensland Government

The redevelopment of Cairns Hospital will provide new and upgraded facilities for patients and staff

Community & Other servicesConfirmed
$534M
12

Cairns Regional Council

The Cairns Performing Arts Centre will provide a new venue for live performances and events in the region

Community & Other servicesUnder consideration
$30M
13

Queensland Government

The Smithfield Bypass will improve traffic flow and reduce congestion in the region

Community & Other servicesComplete
$152M
14

Ramsay Health Care

The Cairns Private Hospital Expansion will increase the hospitals capacity including new operating theatres patient rooms and medical facilities

HealthConfirmed
$70M
15

Sonic Healthcare

The Smithfield Medical Centre is a new medical facility providing general practice pathology and radiology services to the local community

HealthComplete
$25M
16

Ports North

The Cairns Shipping Development Project involves the construction of a new shipping terminal and associated infrastructure to support the growth of the port

Transport & StorageUnder construction
$127M
17

North Queensland Airports

The Cairns Airport Expansion Project involves the construction of a new terminal building and associated infrastructure to support the growth of the airport

Transport & StorageConfirmed
$55M
18

Department of Transport and Main Roads

The Smithfield Bypass Project involves the construction of a new bypass road to reduce congestion and improve safety on the Captain Cook Highway

Transport & StorageUnder construction
$152M
19

Cairns Regional Council

A 244 million redevelopment of the Cairns waterfront featuring a new cruise ship terminal hotel and residential apartments

Mixed useUnder construction
$244M
20

Lendlease

A 200 million mixeduse development featuring residential apartments retail and commercial space

Mixed useConfirmed
$200M
21

Brookfield

A 150 million mixeduse development featuring residential apartments retail and commercial space

Mixed useConfirmed
$150M
22

Cairns Regional Council

The Cairns Marina Precinct Redevelopment will transform the marina into a vibrant public space with new restaurants bars and shops

Finance, Property & Business servicesConfirmed
$30M
23

North Queensland Airports

The Cairns Airport Expansion will increase the airports capacity and improve passenger facilities

Finance, Property & Business servicesUnder consideration
$55M
24

Crystalbrook Collection

A luxury hotel and resort development featuring 80 rooms and suites a restaurant bar and conference facilities

AccommodationUnder construction
$40M
25

Crystalbrook Collection

A 5star resort featuring 311 rooms and suites a restaurant bar and conference facilities

AccommodationComplete
$30M
26

Crystalbrook Collection

A luxury hotel featuring 100 rooms and suites a restaurant bar and conference facilities

AccommodationUnder construction
$25M
27

Marina Apartments Pty Ltd

A residential apartment complex featuring 120 apartments a pool gym and marina views

AccommodationConfirmed
$22M
28

Cairns Airport Pty Ltd

The Cairns Airport Expansion Project involves the construction of a new terminal building and associated infrastructure to support the growth of the airport

TradeConfirmed
$55M
29

Cairns Regional Council

The Cairns Marine Precinct Project involves the redevelopment of the Cairns marina and surrounding area to support the growth of the marine industry

TradeUnder consideration
$30M
30

Queensland Government

Upgrade of the Cairns Marine Precinct to improve communication and navigation facilities for the maritime industry

CommunicationUnder construction
$27M
31

Cairns Regional Council

Installation of a public WiFi network in the Cairns CBD to improve communication and connectivity for residents and visitors

CommunicationComplete
$5M
32

Telstra

Rollout of Telstras 5G network in Cairns to improve communication and connectivity for residents and businesses

CommunicationUnder construction
$100M
33

Queensland Government

The Cairns Marine Precinct is a 30 million project that will upgrade the existing marina and boat maintenance facilities creating a worldclass marine hub for the region

Agriculture, Forestry & FishingUnder construction
$30M
34

Tully Sugar Limited

Tully Sugar Limited is expanding its operations with a 25 million investment increasing its sugar production capacity and creating new jobs in the region

Agriculture, Forestry & FishingConfirmed
$25M
35

Cairns Aquaculture Pty Ltd

Cairns Aquaculture Pty Ltd is proposing a 40 million aquaculture development project which will create new jobs and increase the regions seafood production capacity

Agriculture, Forestry & FishingUnder consideration
$40M
36

Cairns Regional Council

The Cairns Marine Precinct will provide a worldclass facility for the marine industry and create new jobs in the region

GovernmentConfirmed
$30M
37

Queensland Government

The Bruce Highway Upgrade will improve safety and reduce congestion on the highway creating new jobs in the region

GovernmentUnder construction
$150M

Li

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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.

Local Services

Very Good

1

Coles

Supermarket

17km
2

Woolworths

Supermarket

18km
3

Cairns Airport

Airport

28km
4

Cairns International Airport

Airport

28km
5

Gordonvale Hospital

Hospital

8km
6

Aloomba State School

School

3km
7

Cairns Adventist College

School

7km
8

St Michaels Primary School - Gordonvale Campus

School

7km
9

CQ University - Cairns Distance Education Study Centre

University

22km
10

James Cook University - Cairns Campus

University

37km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

4.2%

projected

for 2025 to 2027

Very High

Su

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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.

Recent New Home Construction

1.6%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Excellent

Average Rental Yield

VACANCY RATE
Excellent

Average Vacancy Rate

Days of Supply
Very Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Very Good

Average Population

Pricing

Sold Price

Asking Price

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