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$549K
$89,038
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$620,000
Low
$590,000
Confidence
Medium
This charming single-level brick home, located in the desirable suburb of Ooralea, offers ample space and potential. Featuring a functional layout with an open-plan living area, three generously sized bedrooms, and a central bathroom, this property invites you to modernize and personalize. The kitchen is equipped with a breakfast bar and island counter, leading to a lounge and dining area filled with natural light. Nestled on a 791m2 block, the home includes a Mediterranean-inspired arched facade and a relaxing rear patio that overlooks a large fenced backyard with side access. Additional amenities include a double garage and off-street parking. Conveniently close to parks, shopping, and essential services, this home is a hidden gem waiting for its new owner.
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69%
$553K
5.9%
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Try Picki for FREE$70,000
-$5,432
6.0%
Asking Price
$549,000
Estimated Purchase Price
$550,000
Stamp Duty
$17,775
Transfer Fee
$1,783
Conveyancing
$1,665
Deposit (10%)
$55,000
Reg. Mortgage
$224
LMI Premium
$12,041
Renovation Costs
-
Total Cash/Equity Required
$89,038
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,760
$46,628
Property Management
+7.7% PA
$2,523
$3,590
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
$24,910
$36,087
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$7,760
$3,417
Depreciation
-
-
Tax Offset
-$2,328
$1,025
Net Cashflow After Tax
-$5,432
$2,392
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$495,000
$495,000
$167,160
$702,028
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 8.0%
Accommodation and Food Services - 7.0%
Others - 62.0%
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
