$650K
$108,083
Confidence
High
High
$1,750,000
Medium
$1,625,000
Low
$1,500,000
Confidence
Medium
"This airconditioned onebedroom apartment is modern and quietly nestled in a highly soughtafter location. Ideal for first home buyers or savvy investors, it checks all the boxes. Situated on the third floor of a wellmaintained security complex, its just a short walk to transport, shops, cafes, and restaurants. Living and dining flows easily to a large entertainers balcony Stylish contemporary kitchen with quality fixtures Spacious bedroom with a builtin wardrobe Fully tiled bathroom and internal laundry facilities Secure 12sqm car space plus 2sqm separate storage cage on title Equally attractive investment opportunity or convenient home Stroll to Sydney UTS University, Ultimo Tafe, busestrains and Sydney fish market Ideal for buyers looking for walktoeverywhere convenience Potential rent 700 per week Outgoings Water Rate 178 pq approx. Council Rate 255 pq approx. Strata Levy 1,149 pq approx."
-
31.2%
-
-
$945,000
+
9.2%
7.9%
8.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$680,000
Estimated Purchase Price
$680,000
Stamp Duty
$25,335
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$68,000
Reg. Mortgage
$164
LMI Premium
$17,510
Renovation Costs
-
Total Cash/Equity Required
$113,205
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$708
$924
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
$53,510
$76,646
Interest Repayments
$40,392
$40,392
Net Cashflow Before Tax
$13,118
$36,254
Depreciation
-
-
Tax Offset
$3,935
$10,876
Net Cashflow After Tax
$9,183
$25,378
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,735,500
$3,137,371
Loan Balance
I.O
$612,000
$612,000
$1,123,500
$2,525,371
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2021 Population
Suburbs
Professional, Scientific and Technical Services - 19.0%
Financial and Insurance Services - 18.0%
Public Administration and Safety - 7.0%
Accommodation and Food Services - 7.0%
Others - 49.0%
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