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.
$399K
$64,772
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
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
5 Gannet Street is a spacious home with potential for customization, perched on an elevated block. It offers a mix of polished timber flooring and carpet in the lounge, with three large bedrooms, a kitchen with a timber island, and an updated bathroom. There's an enclosed sunroom, air-conditioned living area, and ample parking with dual driveways. The property includes a multipurpose space with additional bathroom facilities underneath, a private alfresco area, and a fully fenced 658 sqm block.
Trusted by over 13k property buyers and counting...
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
Manufacturing - 14.0%
Retail Trade - 10.0%
Construction - 10.0%
Transport, Postal and Warehousing - 8.0%
Others - 58.0%
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
Below are some similar properties in the area you may be interested in.
7.7%
75.2%
$660K
3.2%
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$50,000
-$3,217
6.8%
Asking Price
$399,000
Estimated Purchase Price
$400,000
Stamp Duty
$12,425
Transfer Fee
$1,151
Conveyancing
$1,665
Deposit (10%)
$40,000
Reg. Mortgage
$224
LMI Premium
$8,757
Renovation Costs
-
Total Cash/Equity Required
$64,772
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$2,142
$2,795
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$19,165
$27,964
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$4,595
$4,204
Depreciation
-
-
Tax Offset
-$1,379
$1,261
Net Cashflow After Tax
-$3,217
$2,943
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%
$480,600
$868,810
Loan Balance
I.O
$360,000
$360,000
$120,600
$508,810
