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Withheld
$112,351
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$820,000
Medium
$720,000
Low
$620,000
Confidence
Medium
Discover the peaceful allure of Allambie Grove in Morisset. Nestled between the magnificent Watagan Mountains and Lake Macquarie, this prime location promises serene living amidst nature. Boasting fully serviced residential land ranging from 600 sqm, the area offers splendid mountain views and easy access to urban amenities. Enjoy nearby schools, an express train station, and various recreational activities like kayaking and boating. This upcoming suburb, situated along the Sydney to Newcastle railway line, promises growth potential and a tranquil lifestyle, inviting you to build your dream home in a picturesque setting.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
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
4.5%
56.5%
$757K
3.8%
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Try Picki for FREE$45,000
-$16,278
3.5%
Asking Price
-
Estimated Purchase Price
$675,000
Stamp Duty
$25,110
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$67,500
Reg. Mortgage
$164
LMI Premium
$17,381
Renovation Costs
-
Total Cash/Equity Required
$112,351
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,381
$1,802
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
$16,840
$24,533
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$23,255
-$15,562
Depreciation
-
-
Tax Offset
-$6,976
-$4,669
Net Cashflow After Tax
-$16,278
-$10,893
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$607,500
$607,500
$161,460
$782,597
