$235K
$34,451
Confidence
High
High
$240,000
Medium
$230,000
Low
$220,000
Confidence
Medium
"INVEST OR NEST Three bedroom home in close proximity to all amenities in Barraba. Enclosed front verandah Compact kitchen with ample storage. Timber floors throughout Positioned on 735sqm parcel of land. Single garage Currently leased at 250 per week."
-
69.5%
$307K
4.4%
$5,000
-$2,359
6.9%
4.4%
-6.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$235,000
Estimated Purchase Price
$225,000
Stamp Duty
$6,120
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$22,500
Reg. Mortgage
$164
LMI Premium
$3,472
Renovation Costs
-
Total Cash/Equity Required
$34,452
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,027
$1,340
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$9,995
$14,748
Interest Repayments
$13,365
$13,365
Net Cashflow Before Tax
-$3,370
$1,383
Depreciation
-
-
Tax Offset
-$1,011
$415
Net Cashflow After Tax
-$2,359
$968
Assumptions
Year 1
Year 10
Property Value
6.8%
$245,640
$444,059
Loan Balance
I.O
$202,500
$202,500
$43,140
$241,559
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price