Withheld
$99,626
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$610,000
Low
$570,000
Confidence
Medium
$580/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
71.8%
Median Street Sold Price
$636K
Median Street Rental Yield
5.2%
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Property
Very Good
Street
Good
Suburb
Very Good
Overall
Very Good
Under Market Value
$45,000
Net Cashflow PA
-$7,599
Gross Yield
5.3%
Purchase Costs
Asking Price
$565,000
Estimated Purchase Price
$565,000
Stamp Duty
$18,450
Transfer Fee
$1,867
Conveyancing
$1,665
Deposit (10%)
$56,500
Reg. Mortgage
$224
LMI Premium
$15,954
Renovation Costs
-
Total Cash/Equity Required
$95,211
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Expenses
Property Management
+7.7% PA
$2,322
$3,305
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
$22,705
$32,924
Interest Repayments
$33,561
$33,561
Net Cashflow Before Tax
-$10,856
-$637
Depreciation
-
-
Tax Offset
-$3,257
-$191
Net Cashflow After Tax
-$7,599
-$446
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$651,480
$1,177,721
Liabilities
Loan Balance
I.O
$508,500
$508,500
Net Equity
$142,980
$669,221
Property Inspection Report
Property Overview
Welcome to a delightful residence at 16 Etty Street, Kewarra Beach. This well-maintained three-bedroom home sits on a 399 sqm lot, making it ideal for first-time buyers, downsizers, or investors. Located in a sought-after area, the property features air-conditioned bedrooms, built-in robes, and a primary bedroom with a walk-in robe and bathroom access. With multiple living areas, a large kitchen, and a spacious undercover patio, it offers ample space for entertaining. Positioned close to schools, shops, and the beach, this home promises a relaxed coastal lifestyle just 25 minutes from Cairns CBD.
Inspection Checklist
- Check the condition of air conditioning units in all bedrooms.
- Inspect the walk-in robe in the primary bedroom for space and condition.
- Examine the overall condition of the two-way bathroom, including the bath.
- Evaluate the kitchen's bench and storage space capacity.
- Assess the condition and space of multiple living areas.
- Examine the large undercover patio for durability.
- Investigate zoning laws and permissions for pool installation.
- Verify immediate occupancy readiness.
- Explore the proximity and convenience of nearby schools, shops, and the beach.
- Review the travel time to Cairns CBD and its feasibility.
Questions for Agent
- What is the condition and age of the air conditioning units?
- Can you provide more details about the walk-in robe in the primary bedroom?
- Are there any recent updates or maintenance done on the home's bathroom?
- Could you expand on the kitchen's layout and available appliances?
- How do the living areas connect, and is there flexibility for space arrangements?
- Can you provide specific details about the dimensions and materials of the patio?
- Has there been any interest in obtaining permits for a pool, and if so, what is the likelihood of approval?
- Are there any specific preparations needed for immediate occupancy?
- How close are the schools and shops, and what facilities are available?
- What is the average travel time to Cairns CBD during peak hours?
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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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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
4.2%
projected
for 2025 to 2027
Very High
Su
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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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