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$1.9M
$324,047
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Experience luxury living in this owner-occupied apartment at the Edgewater building, crafted by Fender Katsalidis. With breathtaking views of the Royal Geelong Yacht Club and Eastern Beach Road’s vibrant scene, this second-floor gem features a thoughtfully designed open-plan kitchen, dining, and lounge area. The apartment includes two zones for bedrooms, where two of them boast water views. The master bedroom includes a stunning ensuite, complemented by a separate guest bathroom and laundry. With flexibility for 3 spacious bedrooms or 2 bedrooms and 2 living areas, this residence boasts Miele kitchen appliances, stone benches, centrally heated and cooled rooms, and a timber deck with waterfront views. Additionally, you get 2 secure basement carparks with lift access, plus access to a gym, pool, and rooftop garden.
Trusted by over 13k property buyers and counting...
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47.8%
$718K
3.9%
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Try Picki for FREE$10,000
-$8,630
5.0%
Asking Price
-
Estimated Purchase Price
$570,000
Stamp Duty
$29,270
Transfer Fee
$1,440
Conveyancing
$1,196
Deposit (10%)
$57,000
Reg. Mortgage
$129
LMI Premium
$16,253
Renovation Costs
-
Total Cash/Equity Required
$105,837
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
$1,603
$2,092
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$21,530
$31,221
Interest Repayments
$33,858
$33,858
Net Cashflow Before Tax
-$12,328
-$2,637
Depreciation
-
-
Tax Offset
-$3,698
-$791
Net Cashflow After Tax
-$8,630
-$1,846
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$513,000
$513,000
$106,440
$606,800
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
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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.
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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Trusted by over 13,000 property buyers and counting...
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
