Lot 42 New Road, Burrum Heads QLD 4659 – Oceans Edge

$663,080

  • 4
  • 2
  • 2
  • 652m²
  • H & L

The location of Burrum – Fraser in Queensland, Australia is best known for its picturesque coastal beauty, lush rainforests, and the world-renowned Fraser Island. With pristine beaches offering excellent opportunities for water sports and beachside relaxation, the area attracts nature lovers and adventure enthusiasts alike. The location also boasts a diverse range of flora and fauna which can be enjoyed by visitors exploring the nearby national parks and rolling hinterlands. Additionally, the friendly local community and a variety of local cultural events and attractions contribute to the vibrant and inviting atmosphere of this beautiful part of Queensland.

Population growth for the area was primarily driven by interstate migration that contributed approximately 95% of overall population gains during recent periods. Over the census periods assessed Burrum – Fraser outperformed Regional Qld across each timeframe in terms of growth with the location’s growth profile showing moderate volatility between periods with an average growth level in each 5yr census period of 14.4%.

Another key capital value driver is densification within an area, that is, as measured by AreaSearch, the ratio of house to attached and ‘other’ dwelling approvals in recent applications compared to the housing stock’s ratio as recorded in the latest Census. Under this analysis, it was found the proportion of Burrum – Fraser’s recent approvals that constituted houses, at 100% (average calculated over the past two financial years), was 7.7% above that recorded at the Census.

Major regional infrastructure projects:

✅ New Bundaberg Hospital precinct

✅ Hervey Bay Hospital expansion

✅ South East Queensland city deal

✅ Queensland National Land Transport Network Maintenance

✅ Bruce Highway Upgrade

✅ National waste and recycling management

✅ Northern Australia Roads Program

 

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Overview

  • $-536.41/m

  • 5.76%

  • 4.16%

  • 0.56%

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 m²
Build price$424,080
Land price$239,000
Title StatusRegistered
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$35/m
Tax depreciation*$715/m
Rental Income*$2297/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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