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EP. 1405 TALE OF THE SALE, OF THE EASIEST FIRST HOME TO BUY IN DY
Manage episode 478345053 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
A stunning one-bedroom unit at Wheeler Parade just sold for $700,000, demonstrating that beachside living on the Northern Beaches remains accessible for first-time buyers and savvy investors. Located at the coveted beach end of Dee Why, this property represents the perfect stepping stone into a market many believe is out of reach.
The property's impressive investment history tells the story: purchased for $515,000 in 2018, sold for $620,000 in 2023, and now achieving $700,000 in 2025. Each owner enjoyed substantial capital growth, with the most recent sellers pocketing $80,000 after just two years of ownership. What's particularly noteworthy is how they maximised returns while holding the property, generating approximately $170 per night through Airbnb with nearly 100% occupancy – significantly outperforming traditional rental returns of around $600 weekly.
Unlike many entry-level properties, this unit required zero renovation work. It featured beautiful timber flooring throughout, stone benchtops in the kitchen, a dishwasher, balcony (rare at this price point), and a fully renovated bathroom. For first-home buyers, the numbers are compelling: purchase with just a $35,000 deposit (5%), no stamp duty for first-timers, and after-tax holding costs of approximately $109 weekly.
We ran a comprehensive financial analysis using ChatGPT, factoring in all expenses: strata ($900/quarter), water, council rates, mortgage costs at 6% interest, rental income, and tax benefits. The final numbers reveal why this property represents such an opportunity – affordable entry into beachside living that also functions as a high-performing investment.
Don't let anyone tell you that property ownership on the Northern Beaches is impossible. This sale proves that with the right approach, strategic thinking, and willingness to begin your journey with a stepping stone property, you can secure your place in one of Sydney's most desirable locations. Ready to find your own Wheeler Parade opportunity? Give us a call today.
Chapters
1. Exciting Sale: $700K One-Bedroom Unit (00:00:00)
2. Successful Investment History and Airbnb Returns (00:01:40)
3. Perfect First-Home Buyer Opportunity (00:03:17)
4. Property Location and Features Walkthrough (00:05:08)
5. Running the Numbers with ChatGPT (00:07:57)
6. The Stepping Stone Property Approach (00:10:57)
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