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$345K
$62,722
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$370,000
Medium
$345,000
Low
$320,000
Confidence
Not Applicable
Discover The Nook on Redgate, a new boutique land release nestled just 250m west of Witchcliffe's charming townsite. This rural residential development, managed by local owners, offers 15 blocks ranging from 2001m2 to 4295m2, with pricing starting at $330,000. Surround yourself with nature's beauty, as the lots border public reserves or A-class forests. Enjoy nearby fishing, surfing, and bushwalking while becoming part of this vibrant community. Although construction is set to begin soon, titles will be available only by October 2024 or later. Each lot will be powered and fenced on three sides. Secure your spot in this exceptional locale now.
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75.1%
$373K
9.5%
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Try Picki for FREE-$45,000
-$20,084
-
Asking Price
$345,000
Estimated Purchase Price
$390,000
Stamp Duty
$12,540
Transfer Fee
$273
Conveyancing
$1,535
Deposit (10%)
$39,000
Reg. Mortgage
$203
LMI Premium
$8,621
Renovation Costs
-
Total Cash/Equity Required
$62,722
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.2% PA
-
-
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
-$5,526
-$7,210
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$28,692
-$30,376
Depreciation
-
-
Tax Offset
-$8,608
-$9,113
Net Cashflow After Tax
-$20,084
-$21,263
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Year 1
Year 10
Property Value
6.8%
$368,460
$666,088
Loan Balance
I.O
$351,000
$351,000
$17,460
$315,088
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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...
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projected
for 2024 to 2026
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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
