$850K
$136,256
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Try Picki for FREEConfidence
High
High
$860,000
Medium
$820,000
Low
$780,000
Confidence
Medium
This enticing four-bedroom, two-bathroom residence is perfectly placed near Lake Macquarie. Offering proximity to water activities and local amenities, it's ideal for families or investors, with tenants secured until August 2025. The expansive outdoor deck and in-ground swimming pool set the scene for relaxed outdoor living. Key features include multiple living areas, ample parking, and a cozy slow combustion fireplace. With significant renovation potential, this home promises lakeside living with ease and convenience.
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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
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0%
80%
$763K
3.4%
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+
8.9%
Asking Price
$850,000
Estimated Purchase Price
$815,000
Stamp Duty
$31,410
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$81,500
Reg. Mortgage
$164
LMI Premium
$20,987
Renovation Costs
-
Total Cash/Equity Required
$136,256
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$72,800
$103,617
Property Management
+7.7% PA
$5,606
$7,979
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
$62,436
$89,430
Interest Repayments
$48,411
$48,411
Net Cashflow Before Tax
$14,025
$41,019
Depreciation
-
-
Tax Offset
$4,208
$12,306
Net Cashflow After Tax
$9,818
$28,714
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Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$733,500
$733,500
$142,260
$849,666