FOR SALE
From $295,000

15 Fairweather Crescent
Coolalinga NT 0839

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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9%+ GROSS YIELD OR PERFECT FIRST HOME

Real Estate Central Projects are pleased to present to the market a selection of modern apartments at 15 Fairweather Crescent, Coolalinga, NT. A Variety of Modern Apartments appealing to owner occupiers and investors.
The key attributes of this opportunity are as follows:
Assortment of one and two bedroom apartments
A mixture of vacant apartments and leased investments
Several units are leased with the Chief Executive Officer (Housing) until May 2025
Gross rental returns range from $520 a week (2 bed units) to $400 a week (1 bed units)
This equates to $20,820 to $27,040 per annum on leased units
Approximately 9% gross rental yield
Approximately six years old
Potential depreciation benefits
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Property Details for 15 Fairweather Cres, Coolalinga

15 Fairweather Cres, Coolalinga is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The place is currently for sale with Real Estate Central.

Building Type
Apartment

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About Coolalinga 0839

The size of Coolalinga is approximately 1.1 square kilometres. It has 1 park. The population of Coolalinga in 2011 was 2,042 people. By 2016 the population was 534 showing a population decline of 73.8% in the area during that time. The predominant age group in Coolalinga is 20-29 years. Households in Coolalinga are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolalinga work in a trades occupation. In 2011, 79% of the homes in Coolalinga were owner-occupied compared with 26.9% in 2016.

Coolalinga has 324 properties. Over the last 5 years, Houses in Coolalinga have seen a -0.88% decrease in median value, while Units have seen a 13.74% increase. As at 31 October 2024:

  • The median value for Houses in Coolalinga is $506,361 while the median value for Units is $305,716.
  • Houses have a median rent of $322 while Units have a median rent of $460.
There are currently 8 properties listed for sale, and no properties listed for rent in Coolalinga on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Coolalinga.

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Kylie Westbrook
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Daniel Harris
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