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Withheld
$109,285
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
This charming 1942 cottage sits right on the Hardy Inlet waterfront in Augusta, with no roads obstructing the stunning views. One of only 19 waterfront properties along Dawson Terrace, it boasts a remarkable 90% Airbnb occupancy rate over 22 years. Buyers can choose to continue the vacation rental business or enjoy the cottage as their personal retreat.
Trusted by over 13k property buyers and counting...
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68.3%
$758K
3.4%
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Try Picki for FREE$10,000
-$16,111
3.5%
Asking Price
-
Estimated Purchase Price
$640,000
Stamp Duty
$24,415
Transfer Fee
$333
Conveyancing
$1,535
Deposit (10%)
$64,000
Reg. Mortgage
$203
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$109,285
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+8.2% PA
$1,834
$2,610
Rates
+3.0% PA
$1,821
$2,376
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$15,000
$22,005
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$23,016
-$16,011
Depreciation
-
-
Tax Offset
-$6,905
-$4,803
Net Cashflow After Tax
-$16,111
-$11,207
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$576,000
$576,000
$118,200
$678,948
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.
2021 Population
Suburbs
Accommodation and Food Services - 13.0%
Retail Trade - 12.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 54.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
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