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$689K
$104,950
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
Discover a unique investment opportunity on this island retreat with a quarter-acre property featuring two self-contained levels. Each level offers two bedrooms and an open-plan kitchen that leads to a large west-facing deck with stunning sunset views. Enjoy the flexibility of dual income with tenants in place or use as a multi-generational home. This property offers privacy with a full fence, a garage lease, and nature as your backyard with garden spaces. The impressive solar system adds sustainability, reducing energy costs. Located close to local amenities and transport, this property blends island lifestyle with income potential.
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65.9%
$365K
6.7%
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-$3,907
6.4%
Asking Price
-
Estimated Purchase Price
$450,000
Stamp Duty
$14,175
Transfer Fee
$1,362
Conveyancing
$1,665
Deposit (10%)
$45,000
Reg. Mortgage
$224
LMI Premium
$9,851
Renovation Costs
-
Total Cash/Equity Required
$72,828
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,598
$2,085
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
$21,149
$30,724
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$5,581
$3,994
Depreciation
-
-
Tax Offset
-$1,674
$1,198
Net Cashflow After Tax
-$3,907
$2,795
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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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 - 15.0%
Retail Trade - 14.0%
Construction - 10.0%
Education and Training - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
