FOR SALE
$305,000

60/15 Fairweather Crescent
Coolalinga NT 0839

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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URGENT SALE

Fantastic Investment Opportunity
This is a modern apartment at 15 Fairweather Crescent, Coolalinga appealing to investors.
The key attributes of this opportunity are as follows:
Leased with the Chief Executive Officer (Housing) until May 2025
Gross rental return at $520 a week
This equates to $27,040 per annum
Approximately 9% gross rental yield
Approximately six years old
Potential depreciation benefits
Adjacent to Coolalinga Shopping Centre which accommodates a Coles supermarket and KMART
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Property Details for 60/15 Fairweather Cres, Coolalinga

60/15 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 7.05% increase in median value, while Units have seen a 17.44% increase. As at 30 November 2024:

  • The median value for Houses in Coolalinga is $513,484 while the median value for Units is $310,166.
  • Houses have a median rent of $322 while Units have a median rent of $455.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Coolalinga on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Coolalinga.

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Kylie Westbrook
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Real Estate Central
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