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$990K
$166,138
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Try Picki for FREEConfidence
High
High
$980,000
Medium
$950,000
Low
$920,000
Confidence
Medium
This nearly new Torrens Title brick residence offers flexible living with a modern design. It features four spacious bedrooms, with the potential for a fifth. The home is situated in a prime location within walking distance to shops, parks, and schools, nestled between Lake Macquarie and Charlestown Square. It's ideal for those looking to avoid the high costs of new construction. The property spans approximately 561 square meters in an R2 Low Density Residential zone, with council rates of approximately $1,489 per annum and water rates of $828 per annum.
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Try Picki for FREELocation, 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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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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Trusted by over 13,000 property buyers and counting...
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
Below are some similar properties in the area you may be interested in.
1.8%
69.2%
$733K
4.9%
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Try Picki for FREE-$40,000
-$19,297
3.9%
Asking Price
$990,000
Estimated Purchase Price
$990,000
Stamp Duty
$39,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$99,000
Reg. Mortgage
$164
LMI Premium
$25,493
Renovation Costs
-
Total Cash/Equity Required
$166,138
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$31,239
$45,027
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$27,567
-$13,779
Depreciation
-
-
Tax Offset
-$8,270
-$4,134
Net Cashflow After Tax
-$19,297
-$9,645
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$891,000
$891,000
$123,600
$943,155
