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$440K
$62,255
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Try Picki for FREEConfidence
High
High
$460,000
Medium
$435,000
Low
$410,000
Confidence
Medium
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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 - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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
23.3%
24.5%
$274K
6.8%
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-$8,195
4.6%
Asking Price
-
Estimated Purchase Price
$430,000
Stamp Duty
$14,085
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$43,000
Reg. Mortgage
$164
LMI Premium
$8,584
Renovation Costs
-
Total Cash/Equity Required
$68,029
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,027
$1,340
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
$13,834
$20,213
Interest Repayments
$25,542
$25,542
Net Cashflow Before Tax
-$11,708
-$5,329
Depreciation
-
-
Tax Offset
-$3,512
-$1,599
Net Cashflow After Tax
-$8,195
-$3,730
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$464,580
$839,850
Loan Balance
I.O
$387,000
$387,000
$77,580
$452,850
