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$895K
$149,916
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Try Picki for FREEConfidence
Medium
High
$885,000
Medium
$855,000
Low
$825,000
Confidence
Not Found
This full turnkey investment property in Medowie offers a substantial opportunity with a package price of $899,000. Projecting a weekly rent of $690, the property benefits from a 12-year DHA lease term with an option for a 3-year extension, ensuring stable income for investors. Medowie's location is strategic, with 20 minutes proximity to Newcastle, nearby beaches, and shopping centers. The estate provides modern living with green spaces, and is close to schools, public transport, and recreational facilities. DHA's commitment ensures long-term leases, rent in advance, and care for non-structural property repairs, making this a stress-free investment opportunity.
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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
Public Administration and Safety - 15.0%
Manufacturing - 12.0%
Retail Trade - 10.0%
Accommodation and Food Services - 9.0%
Others - 54.0%
Average Income
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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.
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
0%
82.7%
$1.1M
2.8%
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Try Picki for FREE-$40,000
-$40,306
-
Asking Price
$895,000
Estimated Purchase Price
$895,000
Stamp Duty
$35,010
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$89,500
Reg. Mortgage
$164
LMI Premium
$23,047
Renovation Costs
-
Total Cash/Equity Required
$149,916
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,040
$1,357
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
-$4,417
-$5,763
Interest Repayments
$53,163
$53,163
Net Cashflow Before Tax
-$57,580
-$58,926
Depreciation
-
-
Tax Offset
-$17,274
-$17,678
Net Cashflow After Tax
-$40,306
-$41,248
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$913,140
$1,650,740
Loan Balance
I.O
$805,500
$805,500
$107,640
$845,240
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