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$515K
$82,493
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Try Picki for FREEConfidence
Medium
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Low
This unique island getaway located 9 nautical miles off the coast of Gladstone, Queensland offers a two-bedroom cottage that embraces off-grid living. Equipped with a 7-year-old 11kW 48-volt solar system and two 5000-gallon water tanks, this fully furnished property presents a perfect escape. With a 612m2 block adorned by fruit trees, a herb garden, and ample storage, residents can enjoy uninterrupted water views and year-round comfort with three air conditioners and a Norseman wood burner. A 2007 Suzuki Grand Vitara 4WD is included, perfect for exploring this fishing paradise. The island community offers convenience with Capricorn Lodge, a coffee van, and a public boat ramp. Another vacant block is available nearby, featuring vegetable gardens, a water tank, and manicured lawns.
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87.5%
-
-
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Try Picki for FREE-$60,000
-$12,494
3.9%
Asking Price
$515,000
Estimated Purchase Price
$510,000
Stamp Duty
$16,275
Transfer Fee
$1,615
Conveyancing
$1,665
Deposit (10%)
$51,000
Reg. Mortgage
$224
LMI Premium
$11,165
Renovation Costs
-
Total Cash/Equity Required
$82,494
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$2,142
$2,795
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
$12,445
$18,400
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$17,849
-$11,894
Depreciation
-
-
Tax Offset
-$5,355
-$3,568
Net Cashflow After Tax
-$12,494
-$8,325
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$459,000
$459,000
$21,600
$409,810
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2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 10.0%
Construction - 10.0%
Transport, Postal and Warehousing - 8.0%
Others - 58.0%
Average Income
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projected
for 2024 to 2026
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Average Days of Supply
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Average Population
Sold Price
Asking Price
