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$359K
$50,399
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$570,000
Low
$520,000
Confidence
Medium
Discover this enticing investment in Shoalwater: a 3-bedroom, 1-bathroom unit on the ground floor in a sought-after beachside location. Currently tenanted until late October 2025, earning $430 per week. Featuring a renovated bathroom, new flooring, and fresh paint, this low-maintenance unit in a complex of eight promises a fantastic long-term investment opportunity. Close to schools, shops, and just minutes from stunning beaches, this property offers attractive potential.
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Try Picki for FREELocation, 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
Retail Trade - 16.0%
Health Care and Social Assistance - 14.0%
Education and Training - 13.0%
Public Administration and Safety - 12.0%
Others - 45.0%
Average Income
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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.
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
Below are some similar properties in the area you may be interested in.
0%
62.8%
$712K
3.4%
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Try Picki for FREE$240,000
-$2,406
7.1%
Asking Price
$359,000
Estimated Purchase Price
$330,000
Stamp Duty
$9,975
Transfer Fee
$273
Conveyancing
$1,535
Deposit (10%)
$33,000
Reg. Mortgage
$203
LMI Premium
$5,639
Renovation Costs
-
Total Cash/Equity Required
$51,175
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.2% PA
$1,919
$2,731
Rates
+3.0% PA
$1,611
$2,102
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
$16,165
$23,638
Interest Repayments
$19,602
$19,602
Net Cashflow Before Tax
-$3,437
$4,036
Depreciation
-
-
Tax Offset
-$1,031
$1,211
Net Cashflow After Tax
-$2,406
$2,825
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$297,000
$297,000
$311,760
$803,493
