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$479K
$76,277
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Try Picki for FREEConfidence
Medium
High
$519,000
Medium
$479,000
Low
$439,000
Confidence
High
This well-maintained brick veneer and tile home boasts a generous 635sqm block. It features three bedrooms, one with built-in wardrobes, a formal lounge, and a spacious kitchen with a breakfast bar and ample cupboard storage. Ducted evaporative air conditioning ensures comfort throughout. Outside, a large covered entertaining area overlooks the backyard, adding value for both families and investors. Currently, the property is leased at $400 per week, making it an attractive investment opportunity.
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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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
81.7%
$590K
4.5%
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-$5,571
5.6%
Asking Price
$479,000
Estimated Purchase Price
$480,000
Stamp Duty
$16,335
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$48,000
Reg. Mortgage
$164
LMI Premium
$9,583
Renovation Costs
-
Total Cash/Equity Required
$76,277
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$20,554
$29,777
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$7,958
$1,265
Depreciation
-
-
Tax Offset
-$2,387
$379
Net Cashflow After Tax
-$5,571
$885
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$512,640
$926,731
Loan Balance
I.O
$432,000
$432,000
$80,640
$494,731
