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$400K
$72,827
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Try Picki for FREEConfidence
Medium
High
$400,000
Medium
$380,000
Low
$360,000
Confidence
Not Found
Find tranquility and a sense of community less than 15 minutes from Mackay City Gates. This flat land property provides a perfect opportunity for building a home away from the rush. The property features a large 12 x 7.5m powered shed with a dual-purpose carport, solar panels, multiple water tanks, and a gas hot water system. A bore aids garden irrigation. Access to the Bruce Highway ensures convenience for boat and caravan enthusiasts. Recreational benefits include proximity to the Dunnrock boat ramp and local schools. Essential amenities and beautiful surroundings make this an attractive choice for home buyers.
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82.5%
-
-
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Try Picki for FREE-$70,000
-$22,440
-
Asking Price
$400,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,175
Transfer Fee
$1,362
Conveyancing
$1,665
Deposit (10%)
$45,000
Reg. Mortgage
$224
LMI Premium
$9,851
Renovation Costs
-
Total Cash/Equity Required
$72,828
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,676
$2,187
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
-$5,327
-$6,951
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$32,057
-$33,681
Depreciation
-
-
Tax Offset
-$9,617
-$10,104
Net Cashflow After Tax
-$22,440
-$23,576
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Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$405,000
$405,000
$840
$328,662
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 8.0%
Accommodation and Food Services - 7.0%
Others - 62.0%
Average Income
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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.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
