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Withheld
$2,215
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$620,000
Low
$590,000
Confidence
Medium
This spacious and private property offers more than meets the eye, featuring a 3-bedroom, 2-bathroom layout with an additional guest room or home office overlooking a large rear garden. Set on a substantial 4773m2 land in a desirable location close to amenities, the home boasts a timber kitchen, ceramic tiles, multiple air conditioning units, and two large screened patios. The property includes a double garage with internal access, a 9x6m shed with high twin roller doors, and an adjoining 6x5.4m shed with swing-out doors. A solar array is installed to provide sustainable energy. Although older in style, this home is ready for immediate enjoyment with potential for personalized updates. It is being sold at public auction with no prior offers considered.
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88%
$640K
4.5%
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Try Picki for FREE$10,000
-$11,862
4.5%
Asking Price
-
Estimated Purchase Price
$640,000
Stamp Duty
$21,825
Transfer Fee
$2,162
Conveyancing
$1,665
Deposit (10%)
$64,000
Reg. Mortgage
$224
LMI Premium
$18,072
Renovation Costs
-
Total Cash/Equity Required
$108,499
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
$1,676
$2,187
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
$21,071
$30,622
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$16,945
-$7,394
Depreciation
-
-
Tax Offset
-$5,084
-$2,218
Net Cashflow After Tax
-$11,862
-$5,176
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$576,000
$576,000
$118,200
$678,948
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%
Public Administration and Safety - 14.0%
Education and Training - 10.0%
Retail Trade - 10.0%
Others - 51.0%
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
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
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