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$649K
$108,083
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Try Picki for FREEConfidence
High
High
$670,000
Medium
$630,000
Low
$590,000
Confidence
Medium
This established property in Lakewood provides excellent convenience with its proximity to major shopping, medical facilities, and public transport. Adjacent to a bush reserve, it features two distinct living areas: a formal lounge/dining and a kitchen/family/breakfast space that opens to a covered outdoor area. The three bedrooms include built-in wardrobes, and the home boasts an internally accessed double garage with laundry and an additional shower/WC. The level backyard offers wide side access and ample parking for large caravans or motor homes. Presented in original condition, it's ready for new owners to personalize.
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82.2%
$630K
5.3%
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Try Picki for FREE-$20,000
-$17,446
3.0%
Asking Price
$649,000
Estimated Purchase Price
$650,000
Stamp Duty
$23,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$65,000
Reg. Mortgage
$164
LMI Premium
$16,738
Renovation Costs
-
Total Cash/Equity Required
$108,083
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,174
$1,532
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
$13,687
$20,021
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$24,923
-$18,589
Depreciation
-
-
Tax Offset
-$7,477
-$5,577
Net Cashflow After Tax
-$17,446
-$13,012
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$672,840
$1,216,335
Loan Balance
I.O
$585,000
$585,000
$87,840
$631,335
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Accommodation and Food Services - 10.0%
Education and Training - 10.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
