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$400K
$71,222
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Try Picki for FREEConfidence
High
High
$460,000
Medium
$420,000
Low
$380,000
Confidence
Medium
Located in Margaret River, this luxury short-stay apartment offers two bedrooms and two bathrooms. It's ideally set at the forest edge with direct river walk trail access. Key amenities include a heated pool, tennis court, gardens, onsite bar, and conference facilities. The property generates a net return of $27,085.68 annually and is under a lease agreement allowing owners 10 days of free usage each year. The unit is fully furnished and may require a cash purchase due to the tourism zoning.
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65.6%
$955K
4.1%
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-$5,040
6.0%
Asking Price
$400,000
Estimated Purchase Price
$430,000
Stamp Duty
$14,440
Transfer Fee
$293
Conveyancing
$1,535
Deposit (10%)
$43,000
Reg. Mortgage
$203
LMI Premium
$9,506
Renovation Costs
-
Total Cash/Equity Required
$69,527
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+8.2% PA
$2,132
$3,035
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
$18,342
$26,761
Interest Repayments
$25,542
$25,542
Net Cashflow Before Tax
-$7,200
$1,219
Depreciation
-
-
Tax Offset
-$2,160
$366
Net Cashflow After Tax
-$5,040
$854
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Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$387,000
$387,000
$61,560
$423,890
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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
