$650K
$94,422
Confidence
High
High
$640,000
Medium
$580,000
Low
$520,000
Confidence
Moderate
"This property would be inarguably located in one of the best locations in Barooga, overlooking the Bullanginya Lagoon and only just around the corner from the Barooga CBD. The home itself is a lovely red cedar build, very solid and offers a comfortable 4 bedrooms, oversized lounge area and separate kitchenmeals but with a few renovations could be the most admired home in Barooga, offering seamless views of the bushland and lagoon just across the street. The home is currently nestled in amongst some stunning established trees and has sweeping verandahs all the way around. Externally there is a single carport, single sized Colourbond shedgarage with an additional garden shed behind. This property is move in ready, but someone with a vision to turn this rough diamond into the crown jewels will be rewarded with a stunning home in a prime location. We have in preparing this information used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained herein."
2.4%
77.1%
$565K
4%
$10,000
-$9,784
4.6%
3.5%
-10.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$650,000
Estimated Purchase Price
$570,000
Stamp Duty
$20,385
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$57,000
Reg. Mortgage
$164
LMI Premium
$14,678
Renovation Costs
-
Total Cash/Equity Required
$94,422
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$740
$966
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
$19,881
$28,785
Interest Repayments
$33,858
$33,858
Net Cashflow Before Tax
-$13,977
-$5,073
Depreciation
-
-
Tax Offset
-$4,193
-$1,522
Net Cashflow After Tax
-$9,784
-$3,551
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$513,000
$513,000
$106,440
$606,800
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 21.0%
Accommodation and Food Services - 12.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 8.0%
Others - 48.0%
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