Withheld
$75,452
Confidence
High
High
$840,000
Medium
$780,000
Low
$720,000
Confidence
Medium
"Set on a reasonably level 1,530m2 R2zoned LowDensity Residential block, this property offers opportunities for investors, developers and those chasing a large block in a very convenient location. Located in the thriving town centre of Morisset, there is genuine potential to subdivide some level and highquality residential blocks STCA Presenting land that is filled with features and suitably complimented with a fourbedroom homestead and two large sheds, it is a significant opportunity for land banking in an area that is showing significant capital growth. Features include Reasonably level 1,530m2 of residential zoned R2 land with 20m street frontage and access from Bridge Street and Pioneer Drive Allambie Grove Estate Singlelevel homestead featuring four bedrooms, two bathrooms, formal living and dining room, large and private sunroom perfect and countrystyle timber kitchen. 2 x sheds with power and plumbing Fully fenced yard Additional Features Approx 21m frontage x 74m dimensions, all services water, sewer and power, Fibretothenode NBN connection, 4 x modern LG split system airconditioners. Sure to be soughtafter by a wide crosssection of the community, the property is within walking distance or very short drive to several schools both private and public, two shopping centres featuring Coles, Woolworths, Spec Savers, Best and Less, Morisset Railway Station, the 72 hectare Cedar Mill tourism, cultural and event space Winarch Capital development featuring a proposed 30,000 capacity amphitheatre, accommodation, and community spaces, the M1 Motorway, bustling Morisset Business Park and proposed large format retail centre in Morisset by Winarch Capital. Seeking a cracking opportunity in thriving Morisset this wont last long. Rental Appraisal Available upon request from the Ellejayne Property Management and Investor Club"
-
41.4%
-
-
$10,000
-$16,869
3.7%
2.8%
-13.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$770,000
Stamp Duty
$29,385
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$77,000
Reg. Mortgage
$164
LMI Premium
$19,828
Renovation Costs
-
Total Cash/Equity Required
$128,573
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,640
$31,364
Interest Repayments
$45,738
$45,738
Net Cashflow Before Tax
-$24,098
-$14,374
Depreciation
-
-
Tax Offset
-$7,229
-$4,312
Net Cashflow After Tax
-$16,869
-$10,062
Assumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$693,000
$693,000
$140,040
$812,938
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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
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