Lot 1621 New Road, Golden Bay WA 6174

$490,000

  • 4
  • 2
  • 2
  • 582m²
  • H & L

A 4 BEDDER FOR UNDER $500K?

The Golden Bay region is a thriving community located 50 kilometers south of the Perth CBD. The area boasts one of the strongest population growth profiles in the country, with a high proportion of teenagers and middle-aged residents comprised largely of family households and couples with children. The region’s beautiful beaches, great surf spots, peaceful atmosphere, scenic coastal views, abundance of parks and reserves, and family-friendly community make it an attractive destination for those seeking a relaxed coastal lifestyle.

The standout statistical factors for  Golden Bay are impressive. It has one of the nation’s highest rates of population growth since the 2016 census, projections for population growth among the highest in the country, and population growth relative to development approval activity among the highest in the nation. In addition to these quantitative factors, qualitative factors such as access to top-rated schools, close proximity to amenities and shops, variety of housing options, and welcoming local community make this area an ideal place to call home.

✅ Population increase of 35.7% projected by the year 2023 (Top 10% in the country)

✅ Lower than average unemployment

✅ Higher than average median weekly income ($2,267 compared to the Greater Perth region of $1,865)

✅ Population growth for the area was primarily driven by interstate migration that contributed approximately 53% of overall population gains during recent periods, although all drivers including natural growth and overseas migration were positive factors.

Built in conjunction with Peet, an ASX traded building company with an exemplary track record of well thought out community building.

“With each community, we add to an enduring legacy of creating connected, liveable places built for today and future proofed for tomorrow. Our extensive experience guides how we work with our communities to understand and respond to what they need, designing places that are both socially and environmentally sustainable.” – Peet

Submit your interest with BuyCloud today.

Overview

  • $907.05/m

  • 15.28%

  • 6.90%

  • 0.64%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area190.12 m²
Title StatusRegistered
Contract typeSplit
Storeys1
Council Rates*$100/m
Water Rates*$40/m
Tax depreciation*$733/m
Rental Income*$2817/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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