$365K
$50,247
Confidence
High
High
$420,000
Medium
$400,000
Low
$380,000
Confidence
Moderate
"This charming 2bedroom brick veneer home sits gracefully on a generous 1000m block, offering both space and convenience. Nestled in a soughtafter area, its proximity to town amenities and the nearby Barooga Primary School makes it an ideal choice for families and retirees alike. Step inside to discover a wellappointed kitchenmeals area, complemented by a separate loungedining room with gas heating and airconditioning for yearround comfort. Both bedrooms boast builtin robes, ensuring ample storage space for your belongings. Practicality meets efficiency with a separate laundry and a bathroom featuring a separate toilet for added convenience. Enjoy enhanced privacy and costsaving benefits with roller shutters on most windows. This property presents a myriad of opportunities, whether youre seeking to downsize without compromising on comfort or looking to expand your investment portfolio. With room for improvement, it invites your personal touch to transform it into your dream abode. Adding to its appeal is rear lane access, offering flexibility and convenience. The expansive yard provides ample space for parking your caravan, boat, or for constructing additional shedding as desired. Dont miss out on the chance to explore this hidden gem. Contact us today to schedule a private inspection."
-
65.3%
$415K
5.5%
$60,000
-$5,932
5.0%
3.5%
-11.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$365,000
Estimated Purchase Price
$340,000
Stamp Duty
$10,145
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$34,000
Reg. Mortgage
$164
LMI Premium
$6,788
Renovation Costs
-
Total Cash/Equity Required
$53,292
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,160
$24,424
Property Management
+7.7% PA
$1,321
$1,881
Rates
+3.0% PA
$740
$966
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
$11,722
$17,172
Interest Repayments
$20,196
$20,196
Net Cashflow Before Tax
-$8,474
-$3,024
Depreciation
-
-
Tax Offset
-$2,542
-$907
Net Cashflow After Tax
-$5,932
-$2,117
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$306,000
$306,000
$121,200
$466,276
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 21.0%
Accommodation and Food Services - 12.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 8.0%
Others - 48.0%
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