31/91 Aralia St, Rapid Creek is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 51m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Only footsteps from the amazing Nightcliff foreshore this studio is a great way to get your foot in the door of the property market, or to add another one to your portfolio. The foreshore has over 4km's of parks, walking paths, pool, cafe and a jetty and has arguably the worlds best sunsets, why wouldn't you want to live here? There is also a shopping complex only a few hundred meters down the road with a super market, fish and chips shop, a restaurant and some specialty shops.
The location is ideal for owner occupiers and tenants a like. This property could be cash flow positive from day one depending on your financial arrangements. Currently tenanted on a month by month basis by a long term tenant.
Body Corporate Manager: Elite Strata Management
The size of Rapid Creek is approximately 1.8 square kilometres. It has 7 parks covering nearly 44.9% of total area. The population of Rapid Creek in 2011 was 3,267 people. By 2016 the population was 3,290 showing a population growth of 0.7% in the area during that time. The predominant age group in Rapid Creek is 30-39 years. Households in Rapid Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rapid Creek work in a professional occupation. In 2011, 46.1% of the homes in Rapid Creek were owner-occupied compared with 43.9% in 2016.
Rapid Creek has 1,641 properties. Over the last 5 years, Houses in Rapid Creek have seen a 70.34% increase in median value, while Units have seen a 10.12% increase. As at 31 October 2024:
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