$540K
$96,651
"Sit back under the covered deck and listen to the sound of the soothing waves at this lovely 3bedroom home that offers a relaxed coastal lifestyle. Located within walking distance from the pristine sands of the Ninety Mile Beach, the property is ideal as a permanent sea change or for those seeking a holiday home with the opportunity to make some extra income through shortterm rental. The lowmaintenance exterior embraces a fresh white coastal vibe and sets the tone for the inside. With a neutral interior, the home comprises a welcoming living area with split system air conditioning that adjoins a modern eatin kitchen boasting loads of storage and bench space. There are three spacious bedrooms with robes the master enjoying a dressing roomretreat area that could be converted into an ensuite. The centrally located family bathroom is large and theres a separate toilet. In addition to all of this, there are two more living areas including a private sitting room plus a fabulous expansive sunroom boasting vaulted ceilings. Outside, you will be excited to discover a very large 1223 sqm approx. allotment that allows plenty of room for future shedding STCA, two water tanks and a single carport attached to the home. A wonderful home close to the beach delivers comfortable beachside living."
-
85%
$365K
4.6%
-$90,000
-$14,502
3.3%
2.1%
-15.0%
6.0%
Asking Price
$540,000
Estimated Purchase Price
$540,000
Stamp Duty
$27,470
Transfer Fee
$1,369
Conveyancing
$1,196
Deposit (10%)
$54,000
Reg. Mortgage
$129
LMI Premium
$11,937
Renovation Costs
-
Total Cash/Equity Required
$96,651
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,680
$25,164
Property Management
+7.7% PA
$1,361
$1,938
Rates
+3.0% PA
$1,695
$2,212
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
$11,359
$16,755
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$20,717
-$15,321
Depreciation
-
-
Tax Offset
-$6,215
-$4,596
Net Cashflow After Tax
-$14,502
-$10,725
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$486,000
$486,000
-$5,400
$382,810
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply
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