The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
$850K
$160,161
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$879,000
Medium
$837,000
Low
$795,000
Confidence
Medium
This exceptional, brand new 2-bedroom, 1st floor north-facing apartment boasts a large open-plan living area, a modern kitchen with stainless steel appliances and stone benchtop, two bathrooms, and two sizable bedrooms. It includes a car spot, a storage cage, an alarm system, and intercom. The north-facing balcony offers additional outdoor living space. The apartment is ideally located near top-rated schools, a major shopping center, public transport, a hospital, parks, and clubs.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
44.2%
$618K
5.9%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE-$65,000
-$22,128
3.2%
Asking Price
$837,000
Estimated Purchase Price
$900,000
Stamp Duty
$35,235
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$90,000
Reg. Mortgage
$164
LMI Premium
$23,175
Renovation Costs
-
Total Cash/Equity Required
$150,770
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
$1,172
$1,529
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
$21,849
$31,637
Interest Repayments
$53,460
$53,460
Net Cashflow Before Tax
-$31,611
-$21,823
Depreciation
-
-
Tax Offset
-$9,483
-$6,547
Net Cashflow After Tax
-$22,128
-$15,276
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$891,780
$1,612,126
Loan Balance
I.O
$810,000
$810,000
$81,780
$802,126
Below are some similar properties in the area you may be interested in.
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 - 17.0%
Education and Training - 13.0%
Retail Trade - 12.0%
Construction - 8.0%
Others - 50.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
